high street news
Hotel Chocolat sales leapt 16.2% in the 13 weeks to 25 December as customers spent more money on higher priced gifts for Christmas. Plus, British American Tobacco agrees $49.4bn to buy remaining 58% stake in Reynolds;
April 'will serve rates hammer blow to small shops' Subscription
The average small shop will see rates bills increase by £3,663 over five years, CVS research indicates
Continuing the surprisingly strong festive retail results of last week, the BRC – Springboard footfall numbers for December have found the first festive rise in high street footfall for five years. Plus a look at the week ahead and all the latest news from the City.
M&S reported better-than-expected results over Christmas, with group sales up 5.9% in the 13 weeks to 31 December. But what did the analysts and retail watchers maker of it?
Majestic Wine celebrates best ever Christmas Subscription
Majestic Wine has reported a bumper Christmas for its retail stores, with like-for-like sales jumping 7.5% – its best ever festive performance.
B&M shares sparkle on bumper Christmas Subscription
Shares in B&M European Value Retail have soared 8.5% after the discount chain recorded its best ever Christmas
Grocers have reported the fastest rise in volumes since January in the year to December, according to the business group CBI.
M&S is planning a rapid expansion of its little known Lunch to You van sales operation
More than 500,000 votes were cast in the third Great British High Street Awards
Retail footfall fell 1% during November despite the Black Friday sales event, with high street footfall dropping for its third consecutive month
A collection of retail and leisure business groups have called on the UK government to rethink proposals that limit firms appealing that their categorisation of business rates is too high.
What do experts and suppliers think of M&S CEO Steve Rowe’s bold turnaround plan?
Majestic Wine launches next day delivery Subscription
The service will be executed through a new National Fulfilment Centre
Wasabi wraps up £25m funding for store roll out Subscription
Wasabi is to roll out a further 20 of its sushi chains after securing a £25m bank funding package.
A rate of 15 stores a day closed on Great Britain’s high streets in the first six months of the year, according to PwC/the Local Data Company. Plus all the rest of the latest news from the City
This year’s competition saw a record 900 entries across 14 categories, including new categories for individuals and shops
Outside the capital most retailers are expected to see reductions when the new rates kick in next April
The new name for the BCSC combines the terms retail and evolution
Marks & Spencer to cut 525 HQ staff Subscription
The proposals to make significant changes to its UK HQ structure follows a detailed review of the organisation
Winner of social media competition will scoop £1,000 in advertising credit and trip to Twitter office
BRC figures also show the national town centre vacancy rate rose to 10.1%
Itsu has recorded a healthy 22% rise in revenues to £82.6m thanks to a 2.3% increase in like-for-like sales and another 10 store openings
The organisation has been founded by e-commerce experts Interactive Media Retail Group, Tech City and PocketHighStreet
Wilko has become the latest major retailer to join the scheme, which has seen retailers pledge £10m in support
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
Can digital save the high street? Subscription
Instead of killing off the high street, digital marketing is now being proclaimed as its saviour
What's behind the return of the independent butcher? Subscription
In 2016, after years of decline, the number of independent butchers went up for the first time on record
Physical media’s performance is almost entirely underpinned by music and video games
Blaming landlords isn’t fair. In fact, despite the growth of online shopping the high street is increasingly healthy
Post Office changes are a mistake Subscription
Busy, viable and truly local businesses are having a gun held to their head
How will Black Friday evolve? Subscription
Black Friday poses opportunities for grocers in that it is an event that can provide a basis to sell complementary product