Highstreet
« Previous EntriesBrighthouse plans to treble store presence in UK
Tuesday, July 5th, 2011Brighthouse, the rent to own specialist, has announced a 35% rise in full year operating profits to £33.6 million. The company’s revenues increased 15.4% to £228 million.
The high street retailer, which offers it customers weekly payment plans to buy branded household goods, is planning to treble its high street presence to 650 stores by opening […]
Refinancing deal secured by HMV
Tuesday, July 5th, 2011High Street entertainment retailer shores up immediate future with £220m deal.
Entertainment retail giant HMV has agreed a loan package with lenders worth £220 million.
The new agreement - which matures in September 2013 - replaces an existing £240 million facility. It comprises of two term loans of £70 million and £90 million, and a revolving credit […]
Next sells third party customer service operation
Tuesday, July 5th, 2011Next has sold Ventura, its third party customer services operation, to Capita plc in a £65 million deal. The retailer said it would use the majority or all of the proceeds from the sale to buy back and cancel its own shares.
Earlier this year Next outlined the potential for £160 million of share buybacks in […]
UK number one target for global retailers
Wednesday, April 13th, 2011The United Kingdom is the world’s most international retail market for the fourth year running, while London holds onto its position as the most popular retail city in the world, according to the CB Richard Ellis (CBRE) 2011 edition of How Global is the Business of Retail?
CBRE’s fourth annual survey mapped the global footprint of […]
Retailers ‘not to blame’ for excessive card changes
Friday, February 18th, 2011Which? is right to draw attention to excessive charges levied on customers using debit or credit cards but wrong to blame retailers, according to the British Retail Consortium (BRC).
Which? is asking the Office of Fair Trading (OFT) to investigate the charges for paying by card. The consumer organisation says airlines, ferry operators, estate agents and […]
Microsoft to launch retail chain
Monday, February 16th, 2009Microsoft cut 1,400 jobs in January
Computer software giant Microsoft has announced plans to open its own stores, at a time when many other retailers are struggling in the economic downturn.
The company plans to sell computers installed with Microsoft software and other products, Microsoft chief operating officer Kevin Turner said.
The stores will also […]
Adams bought by its former owner
Monday, February 16th, 2009Adams went into administration on 31 December
The Adams Childrenswear brand and the remaining 120 stores have been bought out of administration by one of its former managers, John Shannon.
It means that 1,900 jobs throughout the UK and Ireland should be saved.
Administrators PricewaterhouseCoopers have closed 147 stores and cut 1,100 jobs since taking […]
Retail outlet closures could hit 72,000 in 2009
Monday, January 12th, 2009
The High Streets of Britain could be unrecognisable this time next year, as consumers struggle with the recession and the retail sector takes the sort of pounding that is already making regular headlines.
Credit rating specialist, Experian, has predicted that 72,000 retails outlets could close during 2009, pushing up the number of empty units […]
Downturn boosts Poundland sales
Monday, January 12th, 2009Bargain firm Poundland posted a rise in sales in December, as consumers sought extra value on the high street.
Same-store sales during the five weeks to 4 January rose 3.9% year-on-year. Sales during the period including new store openings rose 24.3%.
Private equity company Advent International has owned it since 2002.
The chain, which has 200 outlets, plans […]
Iceland purchases 51 Woolworths stores
Friday, January 9th, 2009Frozen food retailer Iceland has bought 51 former Woolworths stores, and has announced it plans to create 2,500 new jobs.
The statement comes just three days after the final 200 Woolworths stores closed their doors for the last time.
“We are confident we can help to support the local community in these towns who have lost a […]