High Street
This coverage explores the state and evolution of the UK high street, with reporting on store openings and closures, footfall trends, redevelopment projects, policy impacts, and changing consumer behaviour. Insights are designed to help retail managers and executives understand the challenges and opportunities shaping high street retail operations and strategy.
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Jun- 2018 -7 JuneClothing & Shoes
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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5 JuneClothing & Shoes
Quiz defies high street blues with 30% growth
Fashion retailer Quiz has bucked a calamitous high street trend in the first half of 2018, announcing revenue growth of 30% from the previous financial year. Physical store sales grew by 12% and online sales by 158% compared with last year. The company also saw pre-tax profit rise slightly from…
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May- 2018 -30 MayEconomy
B&M profits buck high street blues, jump 20%
Discount retailer B&M has seen pre tax profit rise by 25.4% to to £229.3m along with group revenues rising to 22.4% for the year ending 31 March. The group opened 47 new stores last year and plans to open a further 45 this year as it continues to grow. The…
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29 MayHigh Street
WH Smith bottom of the pile in Which? survey
WH Smith has been named the UK’s worst-rated retailer by consumers with a 58% consumer satisfaction rate in a new survey of 10,356 people. The survey by consumer group Which? saw responses from customers who found the store “very expensive” and said that it needs “updating”. WH Smith customer responses…
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11 MayAnalysis
The death of the UK high street
The high street as we know it is dead. Boring stores are dead. Or if they are not dead yet, they will be if retailers do nothing. The high street started to decline because retailers saw firstly that out-of- town, and then online were what customers wanted. It’s always driven…
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Apr- 2018 -19 AprilGovernment
Amazon and Not on the High Street condemned by MPs for mis-selling faux fur
Online retailers Amazon and Not on the High Street have been told they must do more to stop the sale of faur fur items which actually contain real fur. The Environment, Food and Rural Affairs Committee (EFRAC) launched an investigation in February, looking into UK retailers regarding the mis-selling of…
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16 AprilEconomy
High street collapse down to higher business rates, says Colliers
Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy. Ten of those have happened since the beginning of this year – in the last…
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12 AprilHigh Street
WHSmith profits dip as high street arm struggles
WHSmith has reported a dip in its profits for the six months ending February 28, as its high street trading profit fell by 6%. The company saw a 1% fall in group pre-tax profits to £82m down from £83m in 2017. However WHSmith’s 700 travel stores, located in airports, railways…
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11 AprilHigh Street
High street store openings at lowest level in seven years
New high street store openings have fallen to their lowest level since 2010, new research suggests. A report by retail location strategists Local Data Company (LDC) for PwC, which studied 500 town centres across the country, shows that the number of new stores opened on the UK high street feel…
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10 AprilHigh Street
Card Factory posts £14.6m drop in full-year profits
Card Factory has posted a £14.6m drop in its full-year profits which it has attributed to the weak pound and soaring wage costs. Pre-tax profits for the fiscal year ending January 31 were £72.6m, down 12.3% on the previous year. This is despite the card and gift retailer’s revenues increasing…
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