All General merchandise articles – Page 9
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NewsPoundland to open 75 stores in three months
Poundland is aiming to open or relocate 75 stores by the end of December.
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DataRanking: The 50 best places to work in retail
Retail has had a tough year, with in-store crime reaching concerning levels, businesses going bust and consumer sentiment low as we trudge through a cost-of-living crisis. On the front line are the retail employees who remain resilient despite a year of redundancies and sometimes appalling abuse
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NewsMiniso to open flagship store on Oxford Street
Chinese retailer Miniso will open a flagship store on Oxford Street as it ramps up expansion in the UK.
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NewsPoundland owner Pepco Group posts record growth
Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
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AnalysisStrategy spotlight: Five ways The Works’ elevation strategy will win consumer spend
The Works is on a mission to change its legacy perception as a “pile it high, sell it cheap” discounter. As its “better, not just bigger” refocused strategy accelerates, the retailer topped Retail Week’s fastest-growing value ranking for 2021/22. We explore its five key drivers to profitability as consumer confidence lifts.
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NewsWilko store deals at risk as discounters renegotiate leases
Rescue deals for former Wilko stores are “at risk” and could fall through as potential buyers try to negotiate more favourable terms with landlords, The Times has reported.
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NewsMiniso opens first ‘Mini’ store in central London
Chinese lifestyle retailer Miniso has opened the doors to its first UK Mini Miniso concept store in central London.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsPepco reshuffles management team and issues profit warning
Pepco is making changes to its management team and has issued a profit warning for the full year 2023 due to an “increasingly challenging trading environment” in Central and Eastern Europe.
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NewsCard Factory to roll out shop-in-shops across Matalan stores
Specialist retailer Card Factory has entered into a “long-term partnership” with fashion retailer Matalan as it rolls out a shop-in-shop concept in all of its 223 stores across the UK and Ireland.
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NewsCard Factory profits soar driven by strong store performance
Card Factory reported an increase in profits and sales driven by “value and quality proposition and the strength of our store estate”.
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NewsWilko: the full and final list of store closures
Wilko will close the last of its remaining stores next month.
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NewsTK Maxx owner TJX records rise in revenue and profit
TJX UK, a subsidiary of TJX companies in the UK that owns TK Maxx and Homesense has recorded a rise in revenue and profit in the 52 weeks to January 28.
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NewsPoundland relaunches ecommerce website
Value giant Poundland has relaunched its ecommerce website, offering customers a range of around 3,000 products online.
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AnalysisWhat does the collapse of Wilko mean for the UK high street?
News emerged this morning that a rescue deal by HMV owner Doug Putman had collapsed, leading to a further announcement of the likely closure of all 400 stores and the loss of 12,500 jobs by early October.
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NewsAll Wilko branches to close by next month with the likely loss of 12,500 jobs
All 400 branches of Wilko will close by early October with the anticipated loss of all 12,500 jobs across the business, according to the GMB union.
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NewsWilko rescue deal collapses, putting thousands of jobs at risk
A rescue deal for Wilko being worked on by HMV owner Doug Putman has collapsed, leaving the future of thousands of jobs in limbo.
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NewsAnn Summers posts rise in sales in ‘year of two halves’
Ann Summers has posted a rise in sales during a financial year “of two halves” and confirmed plans to add new stores to its UK portfolio by the end of next year.
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AnalysisStrategy spotlight: How travel versus high street is playing out at WHSmith
WHSmith has been dependent on its growing travel division to offset a long-term sales decline across the high street, where annual revenues are now little over half 2010 levels. As its latest results show, the travel division is growing rapidly, but after years of cost-cutting its high street estate is now in dire need of investment. Our Retail Week analysts examine WHSmith’s performance and priorities for both divisions as the retailer continues to invest in one and cut costs in the other
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NewsJollyes posts record Q1 ‘almost exclusively’ from transaction growth
Jollyes has reported record sales growth in its first quarter results, which it said was “almost exclusively” from growth in volumes, not price inflation.