Retail footfall in June was up 0.1 percent year-on-year, reversing the negative trend in May, which saw a 0.7 drop. Good weather seems to be the main factor, as high street footfall was up 1.4 percent while out of town footfall was up 0.6 percent. more»
According to figures released by the British Retail Consortium (BRC) and Springboard, footfall in UK shops fell by 0.7 percent in May, year on year. Shopping centres saw the biggest decline, with a 1.7 percent drop, but there is some good news to report as well. more»
Betting shops and payday lenders could rule the high street roost if new legislation comes into place.
The warnings from the Local Government Association (LGA) as new rules, which came into place yesterday, stipulate that some premises don’t have to apply for permission to change what they supply for up to two years. more»
The UK is “facing a crisis,” when it comes to highstreet shopping, a retail group has warned.
According to the Centre of Retail Research, one in five of Britain’s high street shops could close by 2018 as more customers turn to the internet for their shopping. more»
Campaigners are continuing to put pressure on the Government to freeze business rates.
Think-tank, Policy Exchange, has become the latest organisation to call for the measures in a bid to save the high street and keep shops open, urging heads of the country to put in place a two year freeze on business rates. more»
April brought a ray of sunshine to the high street with footfall improving.
According to the BRC, high streets reported a rise of 3.4 percent, the strongest performance since December 2011, followed by out-of-town, which grew by 0.3 percent.
However the better weather didn’t warm everyone with footfall in shopping centres falling by three percent in April, its worst performance since January 2013. more»
Inside job thefts in highstreet stores are continuing to rise as light fingered staff see selling knock-off products as additional income.
However, one manager of a high street store has warned prices will continue to rise to cover the loss in sales as well as rise in security and insurance premiums. more»
Hilco, the new owner of HMV, is planning to cut 400 jobs at the troubled entertainment retailer. The Times reports that Hilco is looking to save as much as £7.8 million from its annual payroll and the latest round of cuts is just one in a series of cost cutting measures. more»
Expensive celebrity fueled adverts have lost their magic with Marks and Spencer reporting a fall in clothing sales.
The company has struggled with its clothing sales over the past few year.
However, it enjoyed a brief success after a range of initiatives. more»
Labour has put its oar into the “how to fix the high street debate”.
Ed Miliband, Labour leader, said that he wants to see payday lenders and betting shops that “engulf” people in debt, as well as take-away food chains, banned from the high street. more»
Tourists from across the pond helped boost Easter trading figures in blighty, research has found.
According to the latest figures, tourists flocked to UK stores in a bid to find British gifts for their pals back home, pushing up footfall and finances. more»
Jessops is back in the news, and believe it or not, this time the news ins’t bad at all. Jessops’ online store will be back in business as of Friday and six retail stores will reopen shortly. The plan is to open more than 30 shops next month. more»
The retail footfall figures for February are in and they are a mixed bag. Although there was some improvement, footfall is still down compared to a year ago according to Experian.
The UK National Index fell 2.4 percent in February year-on-year. more»
Next’s chief exec has warned that the consumer environment will “remain subdued”.
Lord Wolfson’s comments come as the retail giant, which has 541 stores nationwide, posted its financial figures for the second quarter of 2013 where it announced a nine percent rise in profits. more»
HMV and Blockbuster are gone, along with countless independent shops, but their demise doesn’t appear to be hurting video game distributors. In fact, the leading UK distributors told MCV that the closures did not have much of an impact at all. more»