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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May- 2018 -1 May
Carpetright expects £9m profit drop
Carpetright has warned pre-tax profits will fall £9m for the year ending 28 April 2018. According to the carpet retailer…
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1 May
Sports Direct pips JD Sports, acquires 20% stake in Finish Line
Sports Direct has acquired almost 8 million shares in US sports retailer Finish Line – the company set to be…
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Apr- 2018 -30 April
Consumer confidence drops further in April
UK consumer confidence has dropped even further in the month of April, according to market research institute GFK. The institute’s…
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25 April
Argos chastised by ASA over raising prices to include ‘free’ add-ons
The Advertising Standards Agency (ASA) has warned Argos after it was found raising prices to cover the cost of supposedly…
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24 April
650 retail stores have closed in 2018 so far
Nearly 650 retail stores and restaurants have shut or are at risk of closure since the start of 2018. According…
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24 April
300 jobs lost as East poised to stop trading next week
Fashion retailer East is to stop trading next week after administrators were unable to find a buyer, with 300 employees…
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24 April
Co-op’s £143m takeover of Nisa cleared by CMA
The Co-op’s £143m takeover of Nisa approved by the Competition and Markets Authority (CMA), subject to a court sanction on…
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23 April
Shop that sold illegal tobacco ‘wants its licence back’
A shop that was banned from selling tobacco and alcohol is reapplying for a new licence, it has been reported.…
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20 April
Bonmarché expects profit to meet expectations despite sales drop
Bonmarché has announced that for the 52 weeks to the 31 March in store like-for-like sales were down by 4.5%…
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19 April
Debenhams profits plummet by 84%
Debenhams has announced that its pre-tax profits fell by 84% to £13.5m after the ‘Beast from the East’ temporarily closed…
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