All General merchandise articles – Page 50
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NewsPoundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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NewsChristmas discounting to overtake Black Friday
More retailers will offer promotions in the week before Christmas Day than during the Black Friday Sale weekend, according to trends observed by PwC.
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NewsSteinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.
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OpinionOpinion: A cracker for grocers, turkey for the rest?
’Tis the season to be jolly, but it might only be the grocery retailers bringing good tidings from the industry this Christmas.
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NewsSteinhoff shares crash 75% after accounting probe
Steinhoff has had around three-quarters of its market value wiped out in just 48 hours after launching a probe into accounting irregularities.
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AnalysisConsumer 2018: How Brexit will change how we shop
Brexit has left Britain divided. But how will it change how the nation shops? Retail Week investigates Brexit’s impact on consumers in 2018 and beyond.
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NewsPoundworld chief executive Gerry Gray steps down
Poundworld’s chief executive Gerry Gray has exited the business for “personal reasons” after less than two years at the helm, Retail Week can reveal.
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NewsSteinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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NewsTypo grows store count and joins Asos to expand reach
Typo is set to more than double its UK store portfolio before Christmas and launch on the Asos platform as it aims to extend its reach in this market.
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InterviewInterview: Poundland and Pep&Co’s Euro guru Cardinaal
“I’ve always had an ambition to come and work in the UK,” says Sean Cardinaal, Poundland parent company Pepkor’s chief operating officer and the man tasked with driving its aggressive expansion plans.
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NewsMarks & Spencer may abandon new store developments
Marks & Spencer could pull the plug on dozens of building projects across the UK as boss Steve Rowe steps up his turnaround plans.
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NewsToys R Us bids to shutter quarter of UK stores in CVA
Toys R Us is poised to unveil plans to shutter a quarter of its UK stores through a company voluntary arrangement (CVA).
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AnalysisAnalysis: Five lessons for retailers from Lotus
Intense competition, financial shortfalls and senior management disruption. Sound familiar?
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DataData: Cyber Monday flops as Black Friday shifts online
Cyber Monday failed to lure shoppers this year, according to data, as consumers shopped for deals online across the Black Friday weekend.
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NewsShop price deflation ‘coming to an end’, BRC warns
A run of shop price deflation stretching back more than four years is about to come to an end, new figures have warned.
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NewsPets at Home profits slip as boss Kellett steps down
Pets at Home has posted a drop in first-half profitability as group chief executive Ian Kellett prepares to exit the business.
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NewsPep&Co to expand into Europe through Dealz tie-up
Pep&Co will roll out shop-in-shops in Poundland’s European retail arm Dealz next year in Ireland, France and Spain.
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Analysis
Analysis: What does the Budget mean for retail?
Has Chancellor Philip Hammond delivered the Budget retailers craved? Or has he left the industry high and dry?
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GalleryFirst look: Hema's new London flagship
Hema has brought its UK store count to seven with the opening of its new flagship in central London.
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News
Budget 2017: Business rates to switch to CPI from April
The Government will base business rates increases on the CPI index rather than RPI two years earlier than planned, it revealed in today’s Budget.