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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Sep- 2020 -28 September
Arcadia Group to put Burton HQ on the market
Sir Philip Green has reportedly put Burton’s former London headquarters on the market, according to The Sunday Times. The owner…
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25 September
Thousands of ‘traditional’ retail jobs in danger, says Next boss
Next boss Simon Wolfson warned that thousands of “traditional” retail jobs are now in danger under the chancellor’s new “viability”…
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22 September
Footfall rises despite ‘rule of six’
Footfall across all retail destinations in the UK rose by 2.4% over the last week, despite the government’s new ‘rule…
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21 September
Government launches £95m recovery fund for high street
A new £95m government-funded scheme will support 68 “historic” high streets in England to recover from “declining footfall” and the…
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21 September
Aldo UK sold to BIG
Aldo UK confirmed it has been sold to the Bushnell Investment Group (BIG). Administrators from accountancy firm RSM were appointed…
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16 September
H&M to return to profitability in Q3
H&M has announced it expects to return to profitability after experiencing a “better-than-expected” recovery during the third quarter of the…
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15 September
Creditors approve New Look CVA
New Look has announced that a CVA proposal launched last month has been approved by the majority of its unsecured…
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15 September
Next takes majority stake in Victoria’s Secret
Victoria’s Secret owner L Brands has announced it has formed a joint venture with Next which will see the retailer…
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15 September
New Look landlords to reject CVA
New Look’s biggest landlords have reportedly rejected the retailer’s CVA plan in a move that will “throw its survival into…
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14 September
Arcadia Group ‘extremely sorry’ amid notice pay U-turn
Arcadia Group has agreed to pay the full salaries of head office staff facing redundancy, after backtracking on its initial…
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