All General merchandise articles
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NewsCDS Superstores secures £190m funding to support store and tech investment
CDS Superstores, the parent company of The Range, Wilko and Homebase, has secured a £190m asset-based revolving credit facility to support its ongoing investment in stores and technology.
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AnalysisAs Sainsbury’s sells Argos can the general merchandise business finally thrive?
The Argos experiment is finally over at Sainsbury’s – and at a massive writedown from what the supermarket giant spent on it. Retail Week analyses what it means for Argos moving forward.
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NewsOliver Bonas to open first retail park stores
Oliver Bonas is set to open stores within retail parks for the first time, Retail Week can reveal.
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NewsThe Very Group enters agentic AI partnership for pricing
The Very Group has entered a three-year partnership to help revamp its pricing strategy with agentic AI.
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NewsTGJones restructuring plan waved through by court
Embattled high street retailer TGJones’ restructuring plan has been approved by the High Court, allowing the brand to push forward with its turnaround plan.
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NewsTGJones on brink of collapse as judge delays ruling
The owner of TGJones has warned that the 480 stores business is on the brink of collapse after a judge delayed ruling on its restructuring plan.
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NewsCourt decision imminent on TGJones restructuring
Court approval will be sought today and tomorrow for the restructuring of embattled TGJones, which has won backing from some of its main landlords.
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NewsTGJones squeezes suppliers in last-ditch rescue attempt
The owner of WHSmith’s former high street chain risks a wave of fresh criticism as the retailer seeks to postpone repayments owed to major suppliers.
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NewsJD.com promotional event achieves record number of users placing orders
Chinese retail juggernaut JD.com has seen a new record in the number of users placing orders this year.
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NewsWaterstones owner shows interest in takeover of The Very Group
Waterstones owner Elliott Advisors is reportedly among several parties eyeing up a potential takeover of The Very Group.
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NewsJoybuy promises deals bonanza as it launches ‘summer Black Friday’
New UK retail arrival Joybuy is to hold a ‘summer Black Friday’ promotion that is expected to win trade as consumers hit by the high cost of living splash out on bargains.
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AnalysisWhat the City makes of WHSmith’s capital raise
WHSmith’s travails seem to be going from bad to worse, with the retailer issuing another profit warning today and launching an (ultimately successful) c.£100m capital raise.
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NewsWHSmith launches capital raise as global turmoil takes toll
WHSmith is to raise money through a new share placing after cutting profit expectations and warning on its outlook as conflict continues in the Middle East.
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NewsHobbycraft pays out to creditors as it makes early exit from CVA
Specialist retailer Hobbycraft has exited its CVA two years earlier than envisaged and distributed a pot of cash to creditors, Retail Week can reveal
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AnalysisHow value retailer B&M aims to bounce back with focus on basics
Low-price retailer B&M may have suffered a fall in full-year profits, but a strategic focus on the basics that originally made it such a success gives grounds for encouragement.
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NewsB&M reports profits fall after ‘difficult year’
Value retailer B&M has suffered a fall in annual profits but its boss says it has “moved at pace” to address problems.
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NewsHome Bargains eyes up heritage brand acquisition
Value retailer Home Bargains is pondering the purchase of famous pottery brand Denby out of administration.
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NewsModella snaps up Flying Tiger Copenhagen
Investor Modella Capital has acquired homewares business Flying Tiger Copenhagen and all 1,100 of its stores across 44 countries.
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NewsTGJones CEO criticises former owner WHSmith for ‘under-investment’
TGJones chief executive Alex Willson has said his fist impression was “the huge scale of under-investment over many years”, in an interview with the Financial Times.
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NewsThe Works expects profits to beat expectations following ‘outperformance’
Books, arts and crafts, and toys retailer The Works has reported that full-year profits will be higher than anticipated as its growth strategy bears fruit.