High Street
The latest news, updates and analysis on the the British High Street and UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Aug- 2020 -14 August
River Island set to axe 350 jobs
River Island is reportedly set to axe almost 350 store management and sales roles as it continues to weather the…
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13 August
Topps Tiles retail revenues rise in Q4 results
Topps Tiles has reported a 15.5% year-on-year increase in retail revenues for the Q4 period ended 8 August 2020. Average…
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12 August
Mike Ashley’s Frasers Group delays results for second consecutive year
Mike Ashley’s Frasers Group has announced it is to delay the publication of its annual results for the second consecutive…
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11 August
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources…
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10 August
Baird Group launches CVA proposal
Baird Group has launched a Company Voluntary Arrangement (CVA) proposal in order to safeguard the “long-term future” of the group.…
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10 August
WH Smith seeks rent cuts
WH Smith is reportedly seeking rent cuts from its landlords as it looks to cut costs. According to The Sunday…
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7 August
Usdaw warns business rates increase could risk more jobs
Retail trade union Usdaw has expressed “major concerns” over reports that the government is considering increasing business rates for premises…
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6 August
McColls reports H1 sales rise as Covid drives demand
Convenience chain retailer McColls has reported an 8.3% increase in sales for the first half of the financial year after…
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5 August
WH Smith to axe 1,500 roles
WH Smith has launched a collective consultation that could see around 1,500 roles across the business axed in a bid…
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4 August
Mandatory face coverings sparks ‘modest’ uplift in footfall
Footfall across all UK retail destinations saw a “modest” uplift last week, with footfall up by 2.8% against the week…
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