Topic filter : High Street

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....The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. The company said it would use its own funds to prevent losses being taken by its 50,000 users, who are mostly small investors using the website in order to lend their savings to other individuals and benefit from higher interest rates than are available at high street banks. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 07:37:39 PM
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.... Total turnover dived 17% to just over £2bn. Brady said: “The Arcadia business employs over 24,000 staff, has an annual turnover in excess of £2bn and has some of the most iconic names on the British high street. ... [Read full article on Guardian ]
Monday 17th of July 2017 02:40:37 PM
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....”. A number of other major high street players are experimenting with visual search including John Lewis and the shopping centre operator Hammerson. ... [Read full article on Guardian ]
Saturday 15th of July 2017 09:00:02 AM
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....Topshop is getting its first male boss in 18 years with the appointment of Burberry executive Paul Price. Price will join the high street fashion chain on 4 September, taking over from Mary Homer, who is leaving to head the White Company after more than a decade at the helm. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 05:46:19 PM
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....Primark has recalled thousands of pairs of flip-flops after discovering they contain a chemical that can cause cancer. The high street chain is recalling three colours – black, blue and khaki – from its men’s Cedar Wood State flip-flop range and offering customers a full refund. ... [Read full article on Guardian ]
Monday 17th of July 2017 08:42:17 PM
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....4% fall in the first quarter. Ian Geddes, head of retail at the consultancy Deloitte, said the sunny weather had brought a “Glastonbury feelgood factor” to Britain’s high streets. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:21:55 PM
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Latest Finance News related to High Street

Quiz float makes fashion firm's founding family some of Scotland's richest image
....The Glaswegian family behind the fast-growing fashion chain Quiz are now among Scotland’s richest after selling a £92m stake in a business investors hope will be the next Boohoo. The high street fashion chain is set to be valued at £200m when it floats on Aim, the junior London stock market, later in July. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....4% fall in the first quarter. Ian Geddes, head of retail at the consultancy Deloitte, said the sunny weather had brought a “Glastonbury feelgood factor” to Britain’s high streets. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
....Topshop is getting its first male boss in 18 years with the appointment of Burberry executive Paul Price. Price will join the high street fashion chain on 4 September, taking over from Mary Homer, who is leaving to head the White Company after more than a decade at the helm. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
....The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. The company said it would use its own funds to prevent losses being taken by its 50,000 users, who are mostly small investors using the website in order to lend their savings to other individuals and benefit from higher interest rates than are available at high street banks. ...
Primark recalls men's flip-flops after carcinogenic chemical discovery image
....Primark has recalled thousands of pairs of flip-flops after discovering they contain a chemical that can cause cancer. The high street chain is recalling three colours – black, blue and khaki – from its men’s Cedar Wood State flip-flop range and offering customers a full refund. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
.... Total turnover dived 17% to just over £2bn. Brady said: “The Arcadia business employs over 24,000 staff, has an annual turnover in excess of £2bn and has some of the most iconic names on the British high street. ...
Asos app allows shoppers to snap up fashion image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:02 AM
....”. A number of other major high street players are experimenting with visual search including John Lewis and the shopping centre operator Hammerson. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
....”. To judge the sensitivity of the public finances to shocks, the OBR replicated the Bank of England’s stress tests earlier this year on high street banks, which checked their finances were sound and they were holding sufficient reserves to guard against nasty shocks. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
Lidl and Aldi go head-to-head offering cheap school uniforms image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:00:37 PM
....Lidl’s first-ever school uniform collection sold out in just a week last year. It claimed the new range was the best value on the high street, offering a 56% saving on the same items from Tesco, which cost £6. ...
Indie brewers fight back in bitter row over beer brands' craft credentials image
....Consumers have historically been just as sceptical about the whiff of deception when offshoots of major companies are dressed in artisanal clothing. Coffee lovers who thought they’d discovered a challenger to chains such as Starbucks and Costa when Harris and Hoole hit the high street spat out their macchiatos when they realised it was owned by Tesco. ...
Taylor Swift swan frolic prompts huge expansion in sales of inflatables image
.... Last summer Rihanna boosted sales of “premium” inflatables after she was pictured posing on an 80” screen-printed swan that cost £100. This has percolated down to the high street and while Primark is cleaning up at the no-frills end, the likes of John Lewis and House of Fraser are offering “luxe” versions for £60 which boast extras such as puncture repair kits. ...
The ‘sub-prime’ market is back in business image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....It divides into the “light” impaired, where someone has had a small default posted on their credit score for a small sum, usually put there by a mobile phone company; through to “heavy adverse”, which will be people whose credit score has been wrecked by bankruptcy, serial defaults, CCJs and IVAs (individual voluntary arrangements). This is a “not on the high street” market. ...
Beware ‘the devil’s debt’ – that tempting store card offered at the tills image
. As charities, consumer groups and the Bank of England worry about the threat of a growing bubble of unmanageable consumer debt, the tills at high street shops have been pinpointed as one source of the growing problem. ...
Primark's sales soar as shoppers snap up low-cost summer fashions image
Source : Guardian [Read Article] Thursday 6th of July 2017 04:21:37 PM
....That is in sharp contrast with larger rivals Next and Marks & Spencer, which are battling falling clothing sales as Britons spend less cash on wardrobe updates and when they do look to trade down to cheaper stores. “We’ve got the best clothing prices on the high street and are selling it at full price because we have got what people want,” said Bason. ...
How an 'Airbnb for retail' is bringing entrepreneurs back to the high street image
.... Other retailers asked him to help organise their pop-ups and he realised the system wasn’t set up to facilitate the growing trend of temporary retail. “Everyone was talking about how the high street is dying and vacancy rates are at their highest point. ...
Sainsbury's sales helped by hot weather image
Source : BBC [Read Article] Tuesday 4th of July 2017 07:07:05 AM
....Was this a sign of shoppers trading down, for instance eating in instead of eating out? Chief executive Mike Coupe said there wasn't any evidence of a massive change in consumer behaviour although there might be a trend starting to come through. Most striking though is the rise in clothing sales - up by more than 7%, a very strong performance, in stark contrast to its competitors on the high street. ...
Sandwich chain Subway plans expansion in High Street war image
Source : BBC [Read Article] Monday 3rd of July 2017 11:03:32 PM
.... . All of Subway's stores are independently owned and operated as franchises of the US brand, with three-fifths of its UK and Irish outlets located on traditional high streets. ...
Britons booking breaks online to get same protection as package holidays image
....From 2018, new legislation will mean people using websites to book flights and hotels separately do not run the risk of being stranded abroad or losing their money. Until now, the protection for holidaymakers offered by the government-backed Air Travel Organiser’s Licence (Atol) has failed to reflect the huge changes in the travel industry, as millions more people opt to save money by booking online rather than visiting a high street travel agent. ...
MPs and charities urge car leasers to publish sub-prime loan figures image
....In its financial stability report, the central bank, which is the main regulator for the financial services industry, said that over the past 10 years the banking sector’s total write-offs on consumer credit were 10 times higher than on mortgages, and that figure was likely to increase should the UK suffer an economic downturn. The Bank forced high street lenders to set aside an extra £11bn to protect themselves against a rise in defaults. ...
Moving abroad: Here is what you should and should not be doing image
Source : Daily Express [Read Article] Friday 30th of June 2017 06:31:00 PM
....Another important consideration is your currency transfers. Sending your money abroad with a high street bank could see you losing out on potentially thousands if you are transferring a large sum. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....“The data shows a sharp drop in consumers’ confidence about their own financial situation and even more so about house prices. This will affect spending in the high street, in shopping centres and online. ...
Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
.... Phair says there is a “long list of brands” waiting to sign up. Neves has said that he expects that even by 2020, three-quarters of luxury sales will remain on high streets, and he believes the way forward is “augmented retail” – working closely with physical stores. ...
Barclays to learn if SFO will press charges over Qatari cash injections image
.... The Conservatives’ election manifesto pledged to fold the SFO into the National Crime Agency. No bankers have faced criminal charges in the UK for events that took place during the financial crisis, and UK authorities have not pursued criminal charges against a high street bank. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
. Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
....“They’re also prioritising their spending, with non-food sales suffering so that consumers can still afford to put a treat in the trolley when buying their groceries. “But while it might benefit grocers to see people eating in instead of going out, other parts of the high street are less fortunate as fewer nights out will mean fewer new outfits and so on. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
. A surprise profit warning from sofa chain DFS has sent shockwaves through the high street, as concerns grow that Britons’ spending power is being squeezed by higher living costs. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
....Barclay, according to his website, qualified as a solicitor before working in financial regulation and then financial crime prevention. He was director of regulatory affairs and then head of anti-money laundering and sanctions in the high street banking operations of Barclays. ...
Netflix and Amazon 'will overtake UK cinema box office spending by 2020' image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:01:18 AM
.... The report predicts that internet video will overtake DVD sales this year, but some analysts claim this has already happened. “The failure in this market is the high street retailers, supermarkets and specialist stores [that sell DVDs and Blu-ray],” said Stokes. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....Internet gaming firms require a licence from the Gambling Commission to operate, but Knight’s comment is understood to relate to unlicensed betting operations based abroad but accessible online. JenningsBet, the company’s high street shop brand, has about 400 FOBTs across its 100 branches. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
.... They showed a 1% drop in footfall, which measures people going into shops but not necessarily buying anything. It was the first such drop since February, driven by a 2% fall in high street footfall and a 1. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
.... Since then, more than 70,000 have been installed across the UK, last year dispensing £129bn. But as contactless and mobile payments increasingly become the norm, will ATMs on the high street become a quaint relic of yesterday’s technology?. ...
Why Topshop is falling out of fashion with the Instagram generation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 04:47:19 PM
....But now young consumers are more likely to pick their party outfits and festival fashion on their phones than traipse to bricks and mortar stores. And Topshop, once a stalwart of the British high street, is falling behind the rash of other UK retailers offering up fast(er) fashion, on the cheap, online. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
. Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. ...
Jeff Bezos: the 'obsessive' Amazon founder and world's next richest man image
....This focus has defined Amazon and Bezos, positively and negatively. While the company generated $136bn of sales last year, it has attracted criticism for seemingly sweeping aside small retailers and battering high streets around the world as it has expanded, and for the amount of tax it pays. ...
Let’s move to… Dorchester-on-Thames: ‘A little utopia’ image
Source : Guardian [Read Article] Friday 2nd of June 2017 03:29:28 PM
.... Thanks to an illustrious history some time in the seventh century when it was, briefly, capital of Mercia, it carries itself with a certain grandeur. Its parish church is an abbey, it has the confidence to hold its own annual English Music Festival and the high street is lined with portly town houses, 17th-century mansions and cottages strewn with wisteria that give it the air of a place considerably bigger. ...
School buses boost FirstGroup profits image
Source : BBC [Read Article] Thursday 1st of June 2017 09:41:43 AM
....The Aberdeen-based group also saw bus passenger revenues fall 0. 6% on a like-for-like basis, after being hit by falling numbers of shoppers on the high street and ongoing issues with traffic congestion in some areas. ...
UK policymakers face a dilemma over public's slowing demand for credit image
Source : Guardian [Read Article] Wednesday 31st of May 2017 07:17:49 PM
.... Many of the biggest, shiniest new cars zipping round UK streets would still be sitting on the garage forecourt without ultra cheap credit deals that rival mortgages for their rock-bottom rates. On the high street, shops have in recent years relied more heavily on consumers using their credit cards for big purchases. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
.... The expansion comes despite the collapse of BHS, which has fuelled fears about the future of department stores in the age of online shopping. Day told the Sunday Times he expects to pick up more struggling brands this year as business rates and the fall in the value of sterling have a major impact on the high street. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
.... The Association of British Bookmakers says this money would be at risk if a government review, due within weeks, recommends that maximum stakes are cut. This would also, they say, force the closure of high street betting shops, leading to job losses. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
....Looking back over the last seven years, it is easy to see that the feelgood days that came after the summer of 2014 were generated by a sugar rush of low oil prices, low-cost imports and plentiful cheap labour. The gloomy outlook from the high street contrasts with the view from corporate Britain and the City. ...
Let’s move to Ilford, east London: ‘One of today’s boomtowns’ image
....Mili Acharya “A diverse place, but the growing density of new-build flats is making it overcrowded. The high street’s a bit faded. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
Boots of Nottingham opens 'historic' digital archive image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:24:11 PM
.... . "The website will also be a place where people can explore the history of their high street or perhaps see images of their grandparents and great-grandparents. ...
Google plans to track credit card spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:13:45 PM
.... These plans appear to extend 'creepy' into the physical world," said Renate Samson from Big Brother Watch. "If people want to avoid having their shopping habits monitored on the high street by Google, by shops or by banks they should restrict the amount of data they hand over. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....Laith Khalaf, senior analyst at Hargreaves Lansdown: "On top of its own singular problems, M&S is facing some big economic headwinds, in particular the fall in sterling, which is pushing up the price of food and clothes against a backdrop of squeezed consumer incomes. "The high street is also in decline as more of us turn to our mobiles and tablets to do our shopping, which leaves M&S fighting an even steeper uphill battle. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... So far administrators have closed 20 of its 46 stores, making more than 200 staff redundant. Fashion retailers are facing tough trading conditions as Britons stay away from the high street. ...
John Lewis-backed credit union bids to fend off payday lenders image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 06:30:45 AM
. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
.... The Guardian also revealed plans to trial an online grocery shopping service this autumn. Some analysts have argued that Rowe’s plans are not radical enough at a time when high street sales are transferring to the internet and nimbler rivals such as Zara and Primark are stealing its customers. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....With the regulators afraid to “pull the punch bowl away in the middle of the party”, as former Bank governor Lord King put it as he surveyed the wreckage caused by the 2008 crash, those at risk must fear another credit crunch looming into view. Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
.... The chain has begun expanding again after opening its first major new store in seven years in Reading last year. It is also experimenting with small stores in high streets and at a shopping centre. ...
A new Green Deal bond that pays 12% interest – too good to be true? image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Some people’s instant reaction might be “where do I sign?” – but anyone thinking about taking up this offer needs to remember that you don’t get something for nothing in the world of investment. This is a whole lot riskier than putting your money into a high street savings account, with no compensation if things go wrong. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....3% in April, rebounding from a 1. 4% fall in March as the warmer weather and Easter holidays encouraged shoppers back on to Britain’s high streets. ...
Mothercare looks to almost halve number of UK stores image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:10:59 PM
. Mothercare is to almost halve the size of its UK chain and stop selling clothes for older children as it tries to carve out a profitable future on the high street. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....A surprise surge in retail sales in April helped push the pound to its highest level in eight months as Britain’s consumers shrugged off concerns over falling living standards. Warm weather and the Easter holidays encouraged shoppers back onto UK high streets, with retail sales up 2. ...
Ikea to create 1,300 UK jobs in three new stores image
Source : Guardian [Read Article] Wednesday 17th of May 2017 10:02:07 AM
....Ikea has began expanding again after opening its first major new store in seven years in Reading last year. It is also experimenting with small stores in high streets and a shopping centre. ...
M&S puts faith in fluted sleeves as womenswear comes out fighting image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:23:05 PM
. Will knickers or canapes win the battle for the soul of Marks & Spencer, or can the pink coats fight off a landgrab by prawn sandwiches to remain at the heart of the country’s most iconic high street store?. ...
Which? names Richer Sounds and Toolstation as UK's best-rated shops image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:01:40 AM
....Richer Sounds’ chairman, David Robinson, said its long-running success was down to a mantra that put “people before profits”. He said: “We are among a handful of high street retailers to pay the real living wage. ...
Inside the new Battersea Power Station image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:00:41 AM
....The three penthouses have yet to be priced, although the rumoured £25m-£30m price tag may have to be scaled back as demand for high-end property in the capital dips. To the south of the power station, a cluster of sculptural blocks designed by US architect Frank Gehry and Britain’s Foster + Partners – including a titanium-clad building called The Flower – will line a new high street, called the Electric Boulevard. ...
Bathstore accused of using cowboy fitters who damaged properties image
Source : Guardian [Read Article] Saturday 13th of May 2017 06:00:39 AM
.... Milburn, who works in property management, said having the work done was “the worst experience of my life”. Dawn Holmes, who lives in south-east London, also contacted Guardian Money this week to describe a similar experience after she visited a different branch of what has become Britain’s biggest bathroom retailer with 167 high street stores. ...
Let’s move to… Thetford, Norfolk: ‘A rum old mix’ image
Source : Guardian [Read Article] Friday 12th of May 2017 03:30:22 PM
.... Its postwar reimagining wasn’t entirely successful: the ringroad rudely interrupts medieval streets. Its high streets are just keeping decline at bay. ...
Expedia money saving: How to slash 12% price from of holiday and flight bookings image
....Cash can then be directly transferred to the user's personal bank account. The sites both offer cashback on a wide range of retailers across the high street, so before making any online purchase it's worth checking if you can earn money on your purchase. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....Jes Staley said Brexit would be “a wholly manageable challenge” and “significantly less costly” than other problems the bank had encountered. Preparing for Brexit, Staley said, was not as complex as setting up a US holding company, as required by the US authorities last year, or preparing to ring-fence Barclays’ high street bank from its risky investment banking arm by 2019. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
.... It was the fourth year in a row that John Lewis cut the award, taking it to the lowest bonus since 1954. The chairman said the bonus had been cut because the business faced cost inflation and increasing high street competition. ...
UK high street sales weak as shoppers focus on buying essentials image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
. Barclaycard and the British Retail Consortium have warned that a spurt in spending in April was the result of the late timing of Easter and said the growing squeeze on incomes meant the underlying trend in high street activity was weak. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
....Of course the FCA inquiry is not concerned with a shift in the patterns of employment and finance that makes for a more precarious workforce. It will be concerned with the suspected mis-selling of leasing products it believes consumers either misunderstand or are available more cheaply on the high street. ...
Proptech: the businesses transforming the housing market image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
.... He says bricks-and-mortar businesses look out of date at a time when most property searches start online. Having no physical presence on the high street also allows him to keep his overheads low. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
....Insiders say Norman and Rowe have established a rapport and that the 63-year-old City grandee would not have taken the job if he did not have confidence in his chief executive, who began his retail career aged 15 as a Saturday boy at M&S’s Croydon store in south London. Norman, who is feted for turnarounds including at Asda and ITV, is said to beaware of the challenges M&S faces as it grapples with a 130-year high street legacy that includes more than 300 clothing stores and a food business that is showing early signs of losing momentum. ...
M&S lifts share price after naming Archie Norman as chairman image
Source : Guardian [Read Article] Friday 5th of May 2017 06:38:50 AM
....Rowe, who began his retail career aged 15 as a Saturday boy at M&S’s Croydon store in south London, took over as chief executive a year ago. Since taking the helm he has prioritised improving retail basics, such as cutting clothing prices and running fewer promotions, rather than make the big strategic decisions analysts say will be necessary to ensure M&S’s survival on the high street. ...
Former Jaeger owner: I could save it image
Source : BBC [Read Article] Thursday 4th of May 2017 03:38:06 PM
....Administrators AlixPartners told BBC Radio 4's You and Yours that buyers are interested in the firm's assets. In recent years Jaeger has suffered from stiff high street competition and falling sales. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
....George Salmon, an equity analyst at Hargreaves Lansdown, said: “Whichever way it turns, Next just can’t seem to catch a break at the moment. Online competition is ratcheting up, weaker sterling is increasing costs, and conditions on the UK high street are far from favourable. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
.... It wants 250 Argos stores in its supermarkets by March 2019 – up from 59 at present – six months earlier than planned. Coupe said 13 of the 59 new Argos outlets had relocated from high streets, helping the business to save significant costs, but that pattern could not be taken as template for future openings. ...
M&S hires Halfords chief to run struggling clothing arm image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 07:12:00 AM
.... M&S had courted the former Next clothing chief Christos Angelides, but he signed up as head of fashion chain Reiss. The role is important for the future of M&S, which has struggled to increase clothing sales in recent years amid tougher competition from high street rivals and difficulties with its online service. ...
Will Canada's Tim Hortons win over UK coffee fans? image
Source : Guardian [Read Article] Sunday 30th of April 2017 05:31:04 AM
....”. While Hortons is an institution in its home country, this may well count for little in the UK, where the high street is dense with competition in the coffee, sandwich and doughnut markets. ...

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