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 -19 June
Debenhams issues profit warning
Debenhams has issued a warning saying it now expects pre-profits to be “in the range of £35m-£40m” significantly lower than…
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15 June
Microsoft to take on Amazon in checkout-free showdown
Microsoft is reportedly working on technology to cut out cashiers and checkout queues in shops in the first challenge to…
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15 June
Royal wedding boosts retail sales in May
The quantity bought in the retail industry increased by 1.3% in May 2018 when compared with April 2018, according to…
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14 June
N Brown to close all of its remaining stores
N Brown Group, which owns fashion retailers JD Williams, Jacamo and Simply Be, has announced plans to shut down all…
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14 June
World Cup sticker price rise sees newsagent distributor CEO resign
Mark Cashmore, the CEO of Connect newsagent distributors, has left the company after it saw shares plummet by 66% (an…
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14 June
Generation Z prefer ‘real-world retail’ over online shopping
Generation Z consumers enjoy ‘real-world retail experiences’ that focus on technology rather than online shopping, a new study has found.…
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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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