UK high street news and archive

New Bond Street named Europe's most expensive shopping street

New Bond Street has been named the most expensive shopping street for retail rent in Europe and the third most expensive in the world, according to the 30th edition of the Cushman and Wakefield annual report. The UK shopping street retained its third position in the ranking, beaten to top place only by Causeway Bay, Hong Kong, and Upper 5th...

Retail

UK retail sales set to rise just 2 percent this Christmas

Following a difficult year for the UK high street, retailers are set to see a “modest” 2 percent rise in Christmas spending this year, reaching an estimated 98.8 billion pounds, according to UK data analyst GlobalData. The forecasted 2 percent rise in spending during the “golden quarter” is smaller than the 2.3 percent increase in spending...

Featured

Retail

UK high street losing 14 shops a day, report reveals

London - The future of the UK high street looks as uncertain as ever with a study by PwC and the Local Data Company (LDC) showing that an average of 14 stores a day are being shut across the country. The study of 500 UK high streets found that 2,692 stores had been shut in the first six months of the year. The results show the largest half-year...

Retail

New Look to close 85 stores with more than 100 at risk

New Look has announced that it will be shutting 85 of its stores across the country in a bid to improve its profitability, with as many as 120 at risk. In March, the UK retailer announced it would be closing 60 of its stores, but that number rose to 85 in an announcement on Tuesday. The future of a further 13 New Look stores is still being...

Featured

Retail

UK high street suffered quietest Christmas since 1998

With the surge of online shopping and e-commerce, the UK high street took a hit this Christmas and suffered the quietest December foot flow in nearly two decades. Retail footfall was at its lowest since 1998, the year when Ipsos Retail Performance started its Retail Traffic Index (RTI). Even 'Super Saturday' saw a drop in high street shoppers...

Design

UK retail footfall varies in regions

Retail footfall in the UK increased on an annual basis for the first time since January 2011 last month, but new research out shows that the percentage of those on the high street relates specifically to different regions. According to the Experian Retail Footfall Index the number of people visiting retail centres nationwide in June grew 0.2 per...