Horror on High Street as Half of Independent Stores Mull Closure

Horror on High Street as half of independent stores mull closure

The boss of Sports Direct and House of Fraser owner Frasers warned of 'dark clouds' on the horizon due to the looming Budget.

Horror On High Street As Half Of Independent Stores Mull Closure

Retail chiefs sounded the alarm over rising taxes as it emerged more than half of independent shopkeepers have considered closing this year. As official figures showed unemployment has soared to a four-year high, the boss of Sports Direct and House (more…) The post Horror On High Street As Half Of Independent Stores Mull Closure appeared first on KamCity.

Skeleton staff … it’s the Friday Blog!

I popped into town for a few things last Sunday, and I am beginning to notice the impact of the Chancellor’s NI and minimum wage changes at retail. I started in Choice, where the lady on the tills was bemoaning the fact that she was literally running the whole store on her own – and it’s not a small outlet by any means. That takes the concept of skeleton staff to a whole other level! After that, I went next door to B&M and there were a dozen peo…

Horror on High Street as half of independent stores mull closure: Retail chiefs sound alarm over yet more painful tax rises

Proper news from Britain - News from Britain you won’t find anywhere else. Not the tosh the big media force-feed you every day!By EMILY HAWKINS Updated: 17:05 EDT, 17 July 2025

Frasers Group sees 2.8% profit gain; warns of coming weaker profitability

Although Frasers Group reported a 2.8% gain in its yearly profits, it cautioned that its profitability will be weaker in the upcoming year as it struggles with an additional US $ 67 million in expenses brought on by changes in the previous year’s budget. Despite group revenue dropping 7.4% to US $ 6.61 billion in […] The post Frasers Group sees 2.8% profit gain; warns of coming weaker profitability appeared first on Apparel Resources.

Mike Ashley’s Frasers Group warns of ‘dark clouds’ ahead amid flat profit forecast

Frasers Group, the retail empire founded by Mike Ashley, has warned it expects little to no profit growth in the year ahead, citing mounting concerns over potential tax rises and economic uncertainty following the Chancellor’s upcoming budget. The FTSE 250-listed group—which owns Sports Direct, Flannels and its flagship Frasers department stores—said it expects adjusted pre-tax profits for the new financial year to come in between £550 million a…