High street – Page 15
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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Comment & OpinionWhy is Wilko struggling? Look no further than B&M’s success
In a crowded and fiercely competitive variety discounter market, more shoppers are favouring B&M. Here’s why
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NewsWilko secures £40m in financing and appoints Chris Howell as chair
The household and gardens retailer has agreed a £40m two-year revolving credit facility with Hilco
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NewsWilliam Reed snaps up Retail Week and World Retail Congress from Ascential plc
It follows William Reed’s acquisitions of The London Coffee Festival and Rethink events businesses
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NewsOne Beyond fixing store heating after customer complaints during cold snap
One Beyond – which is in the process of rebranding from One Below – saw temperatures in some stores dip to 1°C in the recent cold snap, according to customers who have taken to social media to complain
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NewsJerome Saint-Marc stands down as Wilko CEO
Former Bensons for Beds CEO Mark Jackson has been apppointed Wilko CEO designate
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NewsWelsh businesses to get £460m in rates support from government
The Welsh government is also providing over £140m of rates relief for retail, leisure and hospitality businesses
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NewsCity snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
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Category ReportWhy the meal deal could be on life support: Food-to-go category report 2022
Meal deal prices are on the up – and rising labour costs are likely to make the situation critical. How can the supermarkets adapt?
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NewsWilko falls to staggering loss as high streets struggle
Total sales fell by £43.2m to £1.32bn, while like-for-likes dipped by 3.1%, according to accounts newly filed at Companies House
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Analysis & FeaturesWhy M&S is putting ‘Snickers before knickers’
M&S is turning its focus to food and out-of-town retail parks under its store renewal programme. It’s controversial, but the strategy seems to be working
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NewsHolland & Barrett apologises over late payments as owner concludes £700m debt deal
Holland & Barrett has vowed to improve supplier relations amid growing protests from small suppliers over late payments extending past 120 days, with new government data showing the business paid almost 60% of invoices outside its agreed terms
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Comment & OpinionWhy Wahaca may have jumped the gun on menu carbon emissions labelling
A growing number of restaurants are introducing eco-labels, but the source information is far from perfect
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Comment & OpinionWilko’s woes highlight its unlikely challenge in the cost of living crisis
Perhaps counter-intuitively, the squeeze on incomes is not playing into the hands of the variety discounters
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NewsBusiness rates revaluation: retailers ‘the biggest winners’
In some areas, including Oxford Street in London, shops’ rateable values have fallen by as much as 30%, said Colliers head of business rates John Webber
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NewsSuperdrug launches third-party marketplace with 300 brands
The new markeplace doubles the number of products available on Superdrug.com from today
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Comment & OpinionToday’s budget offers some relief for industry. But questions remain over energy support
Chancellor Jeremy Hunt was keen to look like a man with a viable plan in today’s autumn statement
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NewsPlans for £14bn business rates tax cut over five years announced in autumn statement
The plans also include a new government-funded transitional relief scheme as called for by the British Retail Consortium
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NewsThe Original Factory Shop invites local businesses to showcase their products in stores
Every month, 180 of the retailer’s stores will invite a local maker, artisan or a small craft business to a ‘meet the maker’ session
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NewsSterling Meat Company to boost high street presence with NPIF funding
Northern butchers chain Sterling Meat Company is expanding its food-to-go format after securing a £500k investment