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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Mar- 2018 -23 March
Toys R Us founder dies aged 94
The founder of Toys R Us, Charles Lazarus, has died aged 94, after a period of declining health. He founded…
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22 March
Conviviality launches £125m fundraising bid to avert bankruptcy
Conviviality has announced it urgently needs to raise £125m to avert bankruptcy as it issued its third profit warning in…
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22 March
PerfectHome to refund £2.1m to customers issued unaffordable loans
Rent-to-own firm PerfectHome has been ordered to refund a total of £2.1m to customers issued with loans they could not…
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22 March
New Look’s CVA to shut 60 stores with 980 jobs axed
Clothing and fashion retailer New Look is set to close 60 out of its total 593 stores, alongside a further…
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21 March
Moss Bros shares plummet amid profit warning
Moss Bros has seen its shares plummet as much as 30% as it warned its full year profits would come…
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21 March
UK consumer price inflation falls in February
The consumer price inflation (CPI) rate fell from 2.7% in January to 2.5% in February 2018, according to the Office…
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21 March
Mothercare appoints KPMG to avert collapse
Mothercare has called in accountants KPMG to handle its refinancing in order to avoid collapse. The childcare retailer appointed KPMG…
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21 March
Carpetright prepares for store closures in CVA plan
Carpetright is exploring a possible company voluntary agreement (CVA) which would allow it to to speed up the closure of…
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20 March
Amazon targets vacant Toys R Us premises
Amazon is understood to be considering buying sites from Toys R Us, just days after the toy retailer announced plans…
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20 March
Conviviality CEO resigns amid £30m tax bombshell
Conviviality has announced its CEO Diana Hunter has stepped down with immediate effect as its struggles stay afloat following the…
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