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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Dec- 2018 -11 December
Poundstretcher posts profit decline
Discount retailer Poundstretcher overall profits for the financial year ending 31 March 2018 fell to £1.7m compared with the previous…
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10 December
Welsh high street retailers to get £2,500 each in business rate cuts
The Welsh government has announced it is to give retailers £2,500 each in business rate cuts. Finance secretary, Mark Drakeford…
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10 December
Footfall struggles to keep up in November
Footfall in November fell by 3.2%, a significant decline on the previous year when it grew by 0.2%, according to…
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10 December
Mike Ashley’s Flannels given £125k rates relief despite £65m turnover
Mike Ashley’s high end fashion chain Flannels has been handed £125,000 in business rates “help” by a local council amid…
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7 December
Primark owner warns ‘trading was challenging’ for November
Primark owner, Associated British Foods has warned that trading for November was “challenging” for the clothing retailer. The group’s chairman,…
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6 December
Ted Baker launches investigation into CEO ‘hugging’ allegations
Fashion retailer Ted Baker has launched an investigation into harassment allegations against its founder and CEO Ray Kelvin, after reports…
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6 December
UK customers to boost retailers with £420 festive spend
New Christmas trading analysis from PwC has suggested UK shoppers are preparing to spend an average of £420 on Christmas…
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6 December
Clas Ohlson to close all UK stores axing 150 jobs
Home retailer, Clas Ohlson has announced it is to close all UK stores as it looks to focus on operations…
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5 December
Joules reveals ‘contingency plan’ for a hard Brexit amid strong H1 results
Fashion retailer Joules’ group revenue has increased by 17.6% to £113.1m for the first half 2019 financial year, covering the…
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5 December
Government clarifies details of new business rates relief
The Ministry of Housing, Communities and Local Government (MHCLG) has published guidance on the details of how business rates discounts…
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