UK supermarket chain Sainbury's has made its first acquisition since it purchased stores from the Co-operative Group in 2009, as it moves to boost its digital entertainment services.
GrowthBusiness blogger Wol Kolade says the government’s sentiment to fix the high street is laudable but there is nothing new about the decline of the high street as a centre for the community.
Restructuring specialist GA Europe has acquired the debt of troubled retailer TJ Hughes for an undisclosed sum, just three months after entrepreneur Anthony Solomon and Endless took ownership.
British entertainment retailer HMV has disposed of its Canadian division, a unit comprising of 121 stores, in a sale to restructuring specialist Hilco UK raising £2 million to combat debt.
Retail sales at UK rail stations outperformed the high street in the first quarter of this year, reporting 5.17 per cent growth in like-for-like sales.
Former Tesco chief executive Sir Terry Leahy has led a Series A round of funding in Eagle Eye Solutions, securing £1.5 million for the mobile voucher business.
Luke Mayhew, chairman of the British Retail Consortium, is due to tell the BRC Retail Symposium today that large retailers are the catalysts of high street regeneration.
The decline in UK retail sales values last month are a ‘realistic reflection’ of conditions on the high street, according to the British Retail Consortium (BRC).
