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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Jan- 2021 -28 January
January brings -50% sales slump
Retailers in January witnessed the weakest sales month since May 2020, with sales down -50% from the previous month. According…
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28 January
Retail venture snaps up Knomo
Inc Retail Group, a newly formed arm of the Manchester-based digital brand company Inc and Co, has acquired the bags…
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28 January
ScS reports sales rise in half-year results
ScS has reported a sharp rise in sales in its half-year results due to benefitting from an impressive order intake…
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27 January
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the…
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27 January
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save…
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25 January
Five retailers who excelled during the Christmas season
Asos Asos has gone from strength to strength in the past few years with this year being no different.…
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25 January
Waterstones boss warns of closures unless gov extends rates relief
James Daunt, the boss of book retailer Waterstones, has warned that he could be forced to close stores unless the…
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25 January
Retail sector set for 200,000 job losses
The UK’s retail sector has been forecasted to see 200,000 job losses in 2021, as Covid-19 continues to cause deep…
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22 January
The Works reports revenue decline of 7.8%
The Works has reported a revenue decline of 7.8% to £88.9m in the 26 weeks to 25 October. The stationery…
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21 January
WH Smith postpones CEO’s £25k pay rise
WH Smith has revealed it has postponed its planned £25,000 pay rise for its CEO Carl Cowling, after 33% of…
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