Poundland has announced the closure of more shops across the United Kingdom as its new owners pursue a turnaround strategy. The discount retailer is set to shut a further 14
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When Pizza Hut launched its first UK restaurant over fifty years ago, it revolutionised the nation’s casual dining landscape. Before its arrival, the British high street was dominated by cafes,
Hundreds of the United Kingdom’s largest retail stores may be at risk of closing their doors under proposed government changes to business rates, the British Retail Consortium has cautioned. The
Claire’s, the retailer renowned for its jewellery and ear piercing kiosks, has entered bankruptcy proceedings in the United States for the second time within seven years. The move comes as
River Island faces an uncertain future after its proposed restructuring plan failed to win support from all classes of creditors in a court-supervised vote. Despite achieving about 80 per cent
Britain’s leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job
River Island, the high street retailer founded by the Lewis family in 1948 as Chelsea Girl, is set to implement sweeping rent cuts and close a number of stores amid
The venerable British retailer WH Smith has reduced the sale price of its high street business by £12 million following deteriorating trading conditions. The FTSE 250 company’s shares tumbled by
A prolonged cyber-attack forcing Marks & Spencer to suspend its online operations for nearly seven weeks has resulted in significant market share gains for its competitors. The retail giant’s clothing
A significant uptick in retail sales volumes marked the start of 2025, with food shopping and post-Christmas discounts propelling a 1.7 per cent increase in January. The rise, which exceeded
British retailers are bracing for what experts predict will be a record-breaking year of shop closures in 2025, driven by the imminent rise in business rates and persistent economic headwinds.
British retailers are grappling with mounting financial pressures as the sector witnessed a stark 25 per cent increase in businesses showing critical distress during the final quarter of 2024. Data
Major British retailers, including retail powerhouses Tesco, Boots, Next and Marks and Spencer, have collectively approached Chancellor Rachel Reeves, expressing grave concerns over the £7 billion annual cost burden stemming
