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 -14 May
Poundworld suspends CVA as US owners receive expressions of interest
TPG Capital, the US owner of Poundworld, has delayed plans of a potential Company Voluntary Agreement (CVA) for the discount…
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14 May
Northern Ireland suffers most from UK retail struggles
Northern Ireland is suffering the worst of retail’s bad weather, showing a 7.3% drop in footfall and a retail space…
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14 May
Wet start to April dampens retail footfall
Footfall in April decreased by 3.3%, which is a significant decline compared to the 1.6% increase seen the previous year.…
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11 May
Superdry’s global revenue surges to £1.6bn
Fashion retailer Superdry global brand revenue surged by 22% to £1.6bn for the 12 months to 28 April. In a…
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10 May
Homebase receives bid from former Comet owner
Opcapita, the former owner of Comet has put in a bid of an undisclosed amount for Homebase according to Sky…
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10 May
Next defies gloom with Q1 sales growth
Fashion retailer Next has recovered from its “most challenging year” reporting a Q1 sales increase of 6% compared with last…
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9 May
Retail sales ‘fall off a cliff’ in April
Like-for-like sales fell by 4.2% in April, according to the British Retail Consortium’s (BRC) latest BRC-KPMG Retail Sales Monitor. Online…
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4 May
Over 500 jobs threatened as Virgin Media closes call centre
Virgin Media is set to cull over 500 jobs at a Swansea call centre as part of a shake up…
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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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