While Britain’s High Streets are facing economic headwinds that have seen big name retailers consigned to history, garden centres are bucking the trend and experiencing healthy levels of growth. According to the Horticultural Trades Association, the UK garden market is worth around £5.7billion (excluding landscaping and amenity) and business is booming for the UK’s 2,300
Garden retail defies gloomy high street outlook Read More »
Specialist stationery and greeting card retailer, Paperchase, has formally launched a CVA following weeks of speculation. The company, which is owned by private equity firm, Primary Capital had already appointed KPMG at the start of this year to help it find a way forward. Five of the company’s stores are expected to close but for
Paperchase to close stores as it announces CVA Read More »
The housing, communities and local government select committee of MPs has warned that business rates are ‘stacking the odds’ against high street shops and called for the government to provide ‘meaningful’ relief from the tax to retailers and consider an online sales tax to ‘level the playing field’. Responding, Helen Dickinson, chief executive of the
Retail news round-up: Business rates; non-food prices rise; votes for retailers Read More »
A contender for the title of ‘world’s oldest department store’, Bennetts in Derby, which first opened in 1734, is the latest high street casualty and has entered into administration. It is hoped that a buyer will soon be found for the historic store, which has a second branch in Ashbourne. The store joins other prominent
Bennetts has entered administration and seeks a buyer Read More »
Wales tops the UK’s festive spending league table, with the average person shelling out £377 for presents, according to a survey from financial services firm Hargreaves Lansdown. Scotland follows in second place (£351), with the North-East third (£345). Bottom of the table is the East Midlands (£264). Women spend an average of £340 on Christmas
Retail news round-up: Top Christmas spending by region; The Entertainer buys Poly Read More »
Alan Monahan writes: Mary Portas. Now there’s a name to conjure with – and one you may not have heard or glimpsed of late. My only slight connection with the retail guru is that we both grew up in the same part of Hertfordshire. I’ve never met or spoken to the woman, but that
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