All General merchandise articles
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NewsTemu EU profits more than double as low prices draw customers
Online giant Temu’s EU business more than doubled pre-tax profits last year to almost $120m.
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Opinion‘B&M shouldn’t throw baby out with bathwater as it downgrades store standards’
The back to basics strategy being enacted by B&M’s new chief executive makes sense but these days that must include store standards, believes George MacDonald
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AnalysisThe City’s verdict after B&M goes ‘back to basics’
Yesterday, value retailer B&M’s new chief executive unveiled a “decisive” plan to get the brand back on track after it issued a profit warning. Here’s how the City responded to his “back to basics” approach.
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NewsTemu accused of paying ‘negligible’ tax in the UK despite ‘enormous sales’
Temu’s UK arm has been accused of not paying corporation tax in the UK for two years despite enjoying “enormous sales” in the region, Retail Week can reveal.
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AnalysisExplainer: Implications of Sainsbury’s surprise on-off Argos sale talks
In the space of a weekend, it was revealed that Sainsbury’s was considering selling its Argos general merchandise division to Chinese colossus JD.com, and then that talks were over. Retail Week examines the implications
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Opinion'WHSmith’s American dream takes on nightmarish hue'
A profit warning from WHSmith after the discovery of accounting problems at its US arm came as a huge shock, but comparisons with Tesco at its lowest point may be overdone, believes Retail Week’s George MacDonald
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NewsWHSmith issues shock profit warning
WHSmith, which sold off its UK high street arm earlier this year to focus on its travel operations, has revealed a financial review found an overstatement of £30m in headline profit in its North American division.
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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AnalysisPoundland poised to press button on £1 price rollout as it awaits restructuring green light
Assuming the value retailer wins support for its turnaround plans in the next few days, boss Barry Williams thinks it could make a comeback as swift as its decline. Here, he tells Retail Week about his plans to make Poundland a favourite with shoppers once again
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NewsDobbies optimistic on turnaround prospects as restructuring costs hit earnings
Garden centre group Dobbies has posted steeper storical losses but bosses are pleased by the early results of a revival plan.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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InterviewTheo Paphitis: I’ve owned Ryman for 30 years, and this is what I’ve learned
Three decades ago, entrepreneur Theo Paphitis bought stationer Ryman out of administration. He built the business up and became one of the UK’s most recognisable businesspeople, but Covid almost killed Ryman.
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NewsTycoon Paphitis sets sights on Ryman Design expansion
Retail entrepreneur Theo Paphitis aims to build his fledgling Ryman Design fascia into a 30-store portfolio, Retail Week can reveal.
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NewsWHSmith revises sale of UK high street arm
WHSmith has announced the completion of the sale of its UK high street arm to new owner Modella Capital under amended sale terms.
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NewsMoonpig boss to step down as annual profits edge up
Moonpig chief executive Nickyl Raithatha is to leave the greetings card specialist after seven years in post.
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NewsFlying Tiger teases mass openings across six new markets
Danish retailer Flying Tiger Copenhagen has teased the opening of dozens of new stores across six brand new markets.
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NewsInvestment firm acquires stake in WHSmith following high street sale
An activist investment firm has started to build a stake in WHSmith after it sold off its high street arm to Modella Capital.
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NewsFlying Tiger revenue rises in ‘another year of change and growth’
Danish variety retailer Flying Tiger has recorded a rise in revenue as it saw “another year of change and growth”.
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NewsWHSmith ‘well positioned’ for summer peak as sales increase across travel
Global travel retailer WHSmith said it is “well positioned” for its peak summer period as travel sales continue to increase.
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InterviewThe Works boss Gavin Peck on new strategies, cyber security and rising crime
On the day that The Works upped its profit guidance off the back of strong trading results, chief executive Gavin Peck spoke to Retail Week about turning the business around, cyber security, and dealing with rising incidents of crime.