More on Me + Em – Page 263
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NewsLidl eyes up former Wilko stores as part of physical expansion plans
Lidl boss Ryan McDonnell said his property team were in “close contact” with Wilko’s administrator about the possibility of snapping up some of its former stores.
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NewsPepco Group chief executive resigns
Discount retailer and Poundland parent company Pepco Group has announced that its chief executive Trevor Masters has stepped down with immediate effect.
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NewsFreemans axes catalogue after 118 years
Home-shopping retailer Freemans has announced plans to stop printing its catalogue after 118 years, in its journey to “reinvent itself as a digital pureplay”.
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NewsGousto on track for record profits despite cost-of-living crisis
Gousto is on track to post record profits this year despite record food inflation and the cost-of-living crisis, the meal kit box subscription business said.
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NewsLidl swings to loss following ‘significant’ investment on price
Lidl has swung to a full-year loss, despite acquiring over 1 million new customers and its revenues soaring.
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NewsThe Range makes £5m deal to acquire Wilko brand and website
Value retailer The Range has made a deal to buy the Wilko brand from administrators PwC for around £5m, saving 36 jobs in the process.
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NewsJohn Lewis upgrades profit outlook but delays end of transformation plan
John Lewis has upgraded its full-year financial guidance after narrowing losses and increased sales in the first half, but has delayed implementation of its transformation plan by two years.
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NewsTHG losses deepened by one-off disposal costs
THG operating losses deepened due to a one-off, non-cash charge related to the sale of its loss-making business, but the retailer says the disposal has improved its overall financial guidance.
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NewsDigital wallet use to surpass card payments within 10 years
Digital wallet transactions are set to overtake card transactions and other payments in the UK within 10 years, according to new research by FreedomPay and Retail Economics.
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NewsFormer John Lewis COO Andrew Murphy hired as The Entertainer CEO
Former John Lewis Partnership (JLP) chief operating officer Andrew Murphy has joined The Entertainer as its chief executive.
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AnalysisOne year on from losing fourth to Aldi, is there a way back for Morrisons?
A year on from the seismic shift felt in the grocery market when discounter Aldi overtook supermarket giant Morrisons to fourth place, how are the two businesses tracking?
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GalleryFirst look at Footasylum’s ‘most technologically advanced store yet’
Footasylum has opened the doors to its new store in Lakeside Shopping Centre, Essex, showcasing a “first-of-its-kind concept development” for the retailer.
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NewsBirkenstock to launch IPO in the US
German footwear retailer Birkenstock has reportedly filed for an initial public offering (IPO) on the New York Stock Exchange following months of speculation.
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NewsOxford Street overhaul given the green light
Plans to overhaul Oxford Street with pocket parks, wider pavements and better crossings have been made official.
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NewsAmazon launches trial with Iceland
Amazon and Iceland have signed a deal for the ecommerce giant to sell the supermarket’s food on its website.
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NewsInditex sales and profits continue to climb
Inditex has reported an increase in profit and sales that the group said is a result of a “very robust operating performance”.
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InterviewQ&A: Shopify directors on leveraging AI and creating new products
Shopify’s managing director for Europe, Middle East and Africa Deann Evans and director of product Miqdad Jaffer speak to Retail Week about the marketplace’s AI offering, its new suite of products and always adapting to the retail market
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GalleryInside football club Paris Saint-Germain’s first UK store
French football club Paris Saint-Germain (PSG) has opened the doors to its first store in the UK as it aims to develop “a permanent retail network in the world’s biggest cities” to reach global fans.
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NewsPepco Group to snap up 71 former Wilko stores
Pepco Group has reached an agreement with administrator PwC to acquire up to 71 former Wilko sites.
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NewsGrocery price inflation slips to lowest level in over a year
Grocery price inflation fell to the lowest levels seen in the last 12 months, while take-home grocery sales grew month on month.