All Stores and property articles – Page 76
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Opinion‘Wilko’s rescue deal fiasco is a distraction from the real problem’
A new week brings fresh headlines about Wilko’s struggle to find a rescue deal that would save most of its 400 stores and keep its 12,500 staff employed but, as of the time of writing, the hunt for a buyer rumbles on.
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NewsWilko administrators confirm locations of 51 store closures
Administrator PwC has confirmed the locations where Wilko stores will be closing on September 12 and September 14.
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AnalysisFour retailers that have in-store personalisation down to a fine art
Adding value through personalisation is not a new revelation, but it is becoming almost mandatory for every cool new flagship to weave an element of customisation into the offer — whether that’s initial engraving on jewellery, a unique embroidered print or pattern on a piece of clothing, or pick your own hamper foods. The possibilities are vast and shoppers can’t seem to get enough of it.
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NewsB&M acquires 51 Wilko stores
Discount retailer B&M will take over 51 Wilko stores, but a wider rescue deal from HMV owner Doug Putman remains uncertain.
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NewsWilko rescue deal ‘in limbo’ over supplier issues
A rescue deal by HMV owner Doug Putman to save collapsed retailer Wilko is reportedly “in limbo” following issues with some of its big suppliers.
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NewsAsda owners questioned by MPs over finances and price rises
MPs have questioned Asda over its finances and ability to help curb price rises and support customers during a cost-of-living crisis.
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NewsJohn Lewis delays Oxford Street flagship redevelopment
John Lewis has been forced to delay its plans to raise £150m by selling a portion of its flagship store on Oxford Street due to turmoil in the commercial property industry.
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NewsExclusive: Pepco launches in Bosnia and Herzegovina
Pepco Group is pushing further into Europe by opening its first store in Bosnia and Herzegovina, Retail Week can reveal.
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Innovation of the WeekInnovation of the Week: Boots to showcase beauty clout with new store format
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsGlossier signs exclusive UK retail partnership with Sephora
Glossier has entered its first retail partnership in the UK and will now be available in Sephora’s Westfield Shepherds Bush store as well as on Sephora’s website and app, from September 15.
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Opinion‘Successful digital transformation should also mean return on investment’
The current climate presents an opportunity for retailers to leverage the full spectrum of technological advancement, believes Alvarez & Marsal’s Erin Brookes
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NewsM&S launches challenge against government rejection of Marble Arch overhaul
Marks & Spencer is launching a legal challenge against a government decision to reject plans for the redevelopment of its flagship Marble Arch store.
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NewsWilko redundancies to go ahead as rescue bid collapses
Wilko redundancies will go ahead as a last-minute rescue bid from a private equity firm has fallen through.
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NewsRetail footfall shows slow growth as consumers rein in spending
Footfall across UK retail destinations showed little growth in August as consumers limited their leisure trips.
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InterviewQ&A: Søstrene Grene CEO Mikkel Grene on its rapid UK expansion
Selling contemporary, Scandi-style home furnishings at affordable prices, it’s no surprise Søstrene Grene has been going down well with UK shoppers since it arrived from Denmark in 2016. Chief executive Mikkel Grene has ambitious plans to open 50 stores across the UK within the next few years and spoke to Retail Week about them
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AnalysisPrice cuts vs promotional offers: what have the discounters decided?
As more customers turn to discount retailers during the cost-of-living crisis, Retail Week takes a look at what changes the value sector is making to appeal to a wider range of customers
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GalleryReserved resumes UK expansion with new store concept
Polish fashion retailer Reserved has opened its newest store at London’s Westfield Stratford City as it continues to ramp up its UK and European expansion plans.
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NewsIkea to trial car boot sale concept
Ikea is hosting a second-hand Sale in two of its store car parks this weekend to allow customers to buy and sell pre-loved home furnishings.
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NewsWilko redundancies on hold while rescue bids considered
Redundancies at Wilko have been put on hold while last-minute rescue bids for the troubled retail chain are considered.
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NewsGMB seeks ‘urgent meeting’ with business secretary regarding Wilko administrators
The GMB union is reportedly seeking an “urgent meeting” with business secretary Kemi Badenoch to confirm that Wilko administrator PwC is considering all bids for the collapsed value retailer.