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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Dec- 2022 -6 December
Footfall rises 5.4% amid ‘cause for optimism’
Footfall rose by +5.4% across all UK retail destinations last week from the week before, with increases across all three…
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5 December
CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’
CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a…
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2 December
Next partners with Tom Joule to acquire Joules
Joules has confirmed that its founder Tom Joule has partnered with Next Plc to acquire the majority of assets of…
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1 December
Hotel Chocolat falls to £9.2m loss in FY22
Hotel Chocolat has fallen to a pre-tax loss of £9.2m in its latest full-year results, down from a profit of…
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1 December
Foschini eyes Joules rescue deal
The Foschini Group is reportedly close to agreeing a deal to acquire the majority of collapsed retailer Joules’ stores and…
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1 December
Footfall gap to 2019 widens to -11.1% in Nov despite Black Friday boost
The gap in footfall from 2019 widened in November to -11.1% from -9.8% in October and -12.6% in September; -12.4%…
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Nov- 2022 -30 November
Boohoo alters suppliers payment terms
Boohoo has changed payment terms for suppliers from 30 days to 60 days, effective from 1 December, according to Drapers.…
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29 November
Black Friday boosts footfall +9.3% YOY
Footfall was up +9.3% compared with 2021 across all UK retail destinations on Black Friday, according to the latest figures…
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29 November
Wilko MD steps down amid refinancing talks
Wilko has announced that its managing director Alison Hands is stepping down from her role, as she is set to…
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28 November
Primark to invest £140m in UK stores over next two years
Primark has unveiled plans to invest £140m over the next two years in its UK store estate. This will include…
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