High street – Page 22
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NewsPoundstretcher served notice to vacate by 63 landlords
The notices have followed rent cuts demanded by Poundstretcher in a restructuring plan launched last year
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Comment & OpinionHow the private sector can help community businesses regenerate our high streets
Where communities play an active role, they bring a resilience to the high street ecosystem, says Nick Plumb, high streets lead at Power to Change
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NewsBoots revamping high street stores by adding ‘beauty halls’
Boots’ in-store beauty halls, where customers are offered free consultations from trained staff, have so far been the preserve of flagship branches in locations such as London’s Covent Garden
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NewsCity News: Greggs back in profitability but rising costs worry investors
High street stalwart Greggs roared back to growth and profitability in the first half of 2021, but the looming spectre of rising costs dented investor confidence this week
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NewsCity snapshot: Retail footfall recovery slows in July
Shoppers are proving slow to return to the high street and shopping centres, according to the latest footfall data from BRC-Sensormatic IQ
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Comment & OpinionGreggs is back in profit, but rising costs are a dampener on celebrations
Greggs became the latest food company to point to rising costs as a major threat to profitability
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NewsWilko to keep in-store face mask recycling points until the end of September
The retailer claimed a high street first with the launch of the initiative on 1 April, but it was initially intended to run for just three months
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NewsPoundstretcher’s estate shrinks by 75 stores in year following CVA
The net decline comes despite Poundstretcher also opening stores, meaning the number to have closed will be higher
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NewsVOA accused of laying groundwork for delay to business rates revaluation
The VOA this week expressed concern not enough businesses were submitting rent information needed for the next adjustment to the tax, due in 2023, to properly reflect the impact of the pandemic
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NewsHigh street regeneration strategy launched by government
The ’Build Back Better High Streets’ strategy includes giving councils in England powers to convert derelict buildings into homes using compulsory purchase orders
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NewsRetailers warned of high business rates over failure to respond to revaluation
The Valuation Office Agency, which collects information on shop rents used to calculate future rates, has expressed concern that too few businesses are providing details
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NewsSuperdrug and Savers accounts reveal impact of lockdowns
Superdrug saw high street footfall plummet 75% during the first national lockdown, while Savers saw a 60% decline
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NewsCity snapshot: Retail sales surge in June to create fastest quarterly growth on record
Retail sales strongly rebounded in June as shoppers returned to stores and grocery sales remained robust despite the reopening of pubs and restaurants
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NewsBusiness rates outstripping rent for retailers, says Colliers
Landlords desperate to keep shops occupied are offering sweeteners such as rent-free periods, but rates bills are scuppering deals
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NewsBusiness rates revaluations to take place every three years instead of five
The move will make the tax better reflect changing economic conditions, according to a government consultation
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NewsCity Snapshot: Greggs sales recovery continues at stronger-than-expected pace
Greggs has continued to see customers flooding back to its stores in greater than expected numbers since the relaxing of coronavirus restrictions, the high street bakery chain said in an unscheduled trading update. Plus, Coca-Cola HBC acquires minority stake in premium Italian coffee company Caffè Vergnano.
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NewsSuperdrug rolls out ‘Store Insider’ to connect online shoppers with store staff
The ‘Superdrug Store Insider’ service aims to provide online shoppers with the same level of customer service and advice they could expect when visiting a shop
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NewsLosses continue to mount at beleaguered Thorntons
Revenues fell 15% to £103.7m for the year ended 31 August 2020, with pre-tax losses widening to £37.7m.
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NewsGuild of Fine Food calls for government recognition of independents
Specialist food will help revitalise high streets if the government gives incentives for landlords, the body claims