All Value articles – Page 22
-
NewsPoundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
-
NewsPoundland’s X-rated Elf tweets to be probed by ASA
The Advertising Standards Agency (ASA) has launched an investigation into Poundland’s lewd ‘Elf on the Shelf’ Twitter campaign.
-
NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
-
NewsCreditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
-
NewsSteinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
-
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”.
-
NewsPoundland credit cover reduced amid Steinhoff crisis
Poundland’s trade cover has reportedly been reduced by credit insurer Atradius in the wake of parent company Steinhoff’s accounting scandal.
-
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.
-
NewsSteinhoff 2016 results to be restated, deemed unreliable
Steinhoff has said that its 2016 financial results need to be restated as the original release can “no longer be relied upon”.
-
VideoThe Retail Week: Can Poundland owner Steinhoff survive?
The Retail Week team discuss Steinhoff’s accounting scandal and ask, can the owner of Poundland survive?
-
AnalysisWhat Steinhoff's troubles mean for its UK businesses
Over the last two days, South African retail giant Steinhoff’s share price has tanked 75% and chief executive Markus Jooste has resigned.
-
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.
-
AnalysisPoundstretcher profits rise despite falling sales
Poundstretcher has posted a healthy boost in its full-year profits as the value retailer rejigs its store estate to focus on retail park openings.
-
OpinionWhy M&S is right to review new store developments
Though clearly a hard decision to make – both in terms of the impact on jobs and politically – I firmly believe Marks & Spencer is making the right decision in undertaking a review of its current and planned store portfolio with a view to reducing the overall size of its trading estate in the UK.
-
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.
-
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”.
-
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.
-
NewsPoundland beds into homewares with mattress trial
Poundland has unveiled a range of vacuum-packed mattresses which it will sell across 20 of its UK stores on a trial basis, Retail Week can reveal.
-
NewsWatch: Poundland unveils cash-conscious Christmas ad
Poundland has launched its festive advertising campaign, which sees real life shoppers guess the price of its products.
-
NewsRetail Diary: Have we reached peak Poundland?
The Pamela Anderson of chocolate bars, slow-shopper rage and a ‘Quality’ bit of personalisation by Sainsbury’s.