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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Jun- 2018 -14 June
Majestic Wine sees profit and sales increase
Wine retailer and supplier Majestic Wine has reported an increase in profits and sales for the 52 weeks ended 2…
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13 June
Inditex improves margins with same-stores sales growth
The owner of the fashion retailer Zara, Inditex, has reported record-breaking revenues and gross margin improvements in the first quarter…
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13 June
PwC hit with record £10m fine for BHS audit
PricewaterhouseCoopers (PwC) has been fined £10m for its handling of the BHS audits and the Taveta Group in 2014. The…
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13 June
Almost 133,000 business rates appeals from 2010 still remain unresolved
More than 133,000 businesses are still waiting for an appeal of their business rates valuation from 2010 to be resolved,…
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12 June
Almost half of consumers prefer independent stores
New research has found that nearly half (42%) of consumers would shop with an independent retailer because they prefer to…
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12 June
Ted Baker continues to buck high street gloom with continued revenue growth
Ted Baker has posted a 4.2% increase in group revenue for the 19-week period ending 9 June as it continues…
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12 June
New Look reports operating loss of £74.3m
New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24…
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11 June
Henri Lloyd enters administration with 31 stores set to close
Henri Lloyd has announced it has entered administration which will see 31 stores close and a large amount of jobs…
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11 June
Retail footfall returns to high street
High street footfall increased to 0.5% in May according to the latest BRC-Springboard Footfall and Vacancies Monitor. According to the…
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11 June
Poundworld rescue talks collapse putting 5,000 jobs at risk
Poundworld is expected to appoint administrators today after last-ditch rescue talks collapsed leaving over 5,000 jobs at risk. The discount…
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