All High street & town centre articles – Page 14
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsUK retailers braced for subdued run-up to Christmas as footfall drops
UK retailers are braced for a subdued run-up to Christmas as the combined cold weather and rail strikes saw footfall to retail destinations drop last week.
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NewsRail strikes decimate high street recovery as footfall plummets
The second day of rail strikes this week, with the prospect of further action to come in the run-up to Christmas, has set back the recovery of stores and sent high street footfall plummeting.
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NewsMonsoon eyes new store openings as profitability recovers
Womenswear retailer Monsoon is bucking the gloom hanging over retail with plans to open new stores in 2023 after returning to profitability this year.
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NewsSuperdry boss Dunkerton in talks over potential buyout
Superdry boss and co-founder Julian Dunkerton has held talks with private equity backers with an eye to a potential buyout of the company.
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GalleryStore gallery: Inside Nothing’s high-tech Soho playground
London-based tech start-up Nothing opened its first bricks-and-mortar store on December 10.
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NewsThird of American candy stores on Oxford Street closed down
One-third of the “rash” of American candy stores operating on Oxford Street have been closed down due to illegal activity and tax evasion, according to Westminster City Council.
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NewsThe Works sales edge up despite cyber attack aftermath
Sales at The Works edged up despite an “increasingly challenging consumer environment” and the aftermath of a cybersecurity attack that forced it to close five stores earlier this year.
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AnalysisAnalysis: Is WHSmith underestimating the power of the high street?
In the same week that Primark and Marks & Spencer lauded the return of shoppers to the high street, WHSmith’s focus remains on its travel business – is it missing a trick?
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NewsRetail sales slow as customers delay spending ahead of Christmas
Retail sales slowed in October as the cost-of-living crisis prompted customers to delay spending ahead of Christmas.
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NewsNew stores recovery threatened by £800m business rates rise
The rate of store vacancies improved in the third quarter across all retail locations, but physical retail’s recovery is in danger of being held back by an £800m increase in business rates costs.
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NewsNew PM Sunak warned 10% business rates rise poses serious threat to retail
New Prime Minister Rishi Sunak has been urged to act on business rates, as the equivalent of a 10% increase next year threatens the survival of many retail businesses.
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NewsThree in four consumers to pare back spending as housing costs soar
Three quarters of consumers are set to cut their discretionary spending this winter to combat soaring costs associated with housing.
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NewsSuperdrug freezes prices on 5,000 branded cosmetics
Superdrug has promised to freeze prices on 5,000 branded beauty products to help shoppers cope with rising inflation.
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NewsFootfall drops for third straight month as cash-strapped customers stay home
Footfall to UK retail destinations dropped for the third month in a row as the cost-of-living crisis kept budget-conscious customers at home.
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AnalysisAnalysis: Can Battersea power London’s retail revival?
With the long-awaited opening of the Battersea Power Station redevelopment set for next week, Retail Week revisits this feature from June which looked at whether its opening could supercharge the capital’s post-pandemic retail revival?
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NewsRetail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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NewsData: Store closures slow in ‘remarkable’ post-pandemic retail recovery
The recovery of physical retail stores and leisure destinations has been “remarkable” given the ongoing economic headwinds facing the sector, according to a new report.
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AnalysisRetail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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NewsRetailers call for ‘urgent action’ on business rates from Sunak and Truss
The Retail Jobs Alliance, which includes many big retailers, has urged Conservative and prime ministerial contenders Rishi Sunak and Liz Truss to address the “unsustainable burden” of business rates