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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Mar- 2020 -23 March
Beaverbrooks to close all 69 stores amid Covid-19 outbreak
UK jeweller Beaverbrooks has revealed plans to shutter all 69 of its stores by 5pm today (23 March) amid the…
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20 March
Covid-19: Government to pay 80% of salary to staff unable to work
Chancellor Sunak Rishi has said the government will pay 80% of wages to employees who aren’t able to work due…
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20 March
Frasers Group issues profit warning and drops FY20 guidance amid Covid-19
Mike Ashley’s Frasers Group has issued a profit warning after revealing its board expects Covid-19 to cause a “significant disruption”…
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20 March
Ikea to temporarily shutter all UK stores amid Covid-19 pandemic
Ikea UK and Ireland has said it will temporarily close its stores to customers at 6pm on Friday 20 March,…
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20 March
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the…
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19 March
Next warns on coronavirus despite full-year sales growth
Fashion retailer Next has warned that sales could plummet in the coming weeks and months as the UK battles the…
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18 March
2,000 Mountain Warehouse jobs at risk as coronavirus impacts sales
Mountain Warehouse is considering cutting almost 2,000 jobs following a major slump in sales as a result of the coronavirus…
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17 March
ScS delays full results amid Covid-19 developments
Furniture retailer ScS has announced that gross profit is expected to increase 0.3% to £71.7m during the first half of…
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17 March
Colliers calls for Rates Deferment Scheme introduction amid COVID-19
Business rates experts at Colliers International have called for the Government to introduce a three-month or even six-month business rates…
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16 March
Laura Ashley on the verge of collapse, reports reveal
Fashion retailer Laura Ashley could call in administrators by the end of March unless it receives a £15m funding lifeline…
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