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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Oct- 2023 -18 October
New Look losses widen to £88m despite healthy revenues
New Look has suffered a statutory loss before tax of £87.8m in its full-year results, down from £25.5m in FY22,…
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16 October
Next acquires FatFace for £115.2m
Next has signed terms to acquire FatFace for £115.2m, which will be partly settled in cash and by the issue…
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12 October
Hotel Chocolat revenues fall 10% in FY23
Hotel Chocolat has reported that revenue fell by 10% to £204.5m in the year ended 2 July, due to lower…
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11 October
BRC backs Labour shoplifting stance
The British Retail Consortium (BRC) has backed the Labour party’s stance on shoplifting and violence against retail staff. Sir Keir…
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10 October
River Island profits plummet 90% despite rise in turnover
River Island operating profits dropped by 90% year-on-year to £7.4m, despite turnover rising 11.6% year-on-year to £825.8m for the 53…
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Sep- 2023 -26 September
Card Factory profits soar 70% amid strong store sales
Card Factory has seen profits soar by 72.7% to £24.7m in its half-year results, up from £14.3m the prior year.…
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22 September
Mothercare revenues decline in FY23
Mothercare has reported that underlying profits slipped from £12m last year to £6.7m in the financial year ended 25 March,…
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21 September
Wilko administrators to review £77m dividend payouts
Wilko administrators PwC are reportedly set to question majority shareholder Lisa Wilkinson over payouts of £77m in dividends to investors…
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19 September
Majestic Wines opens Newark-on-Trent store
Specialist wine retailer has opened its latest store in Newark-on-Trent as part of its accelerated brick-and-mortar expansion. This opening marks…
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18 September
Over 100,000 retail jobs lost since 2020 after Wilko collapse
The number of retail job losses since 2020 is set to pass 100,000 as a result of the 12,500 jobs…
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