All Steinhoff articles – Page 2
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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.
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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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AnalysisInfographic: Big deals, job cuts and underpaid staff
Words and numbers, December 15 2017: Umar Kamani on Pretty Little Thing, Asda job cuts, Hammerson-Intu deal and underpaid Primark staff.
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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”.
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CartoonBlower’s retail cartoon: Steinhoff's shares crash
Cartoonist Patrick Blower’s take on Steinhoff’s recent share price crash, which fell 75%.
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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?
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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.
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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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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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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.
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NewsSteinhoff UK poaches new digital boss from The Range
Steinhoff UK has poached Alexander Bartholomew from The Range to head up its ecommerce and digital functions at Harveys and Bensons for Beds.
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NewsPeople moves: Koray Gul joins Jones Bootmaker
Koray Gul has been given the sizeable task of turning around the struggling Jones Bootmaker chain, rescued from the brink of collapse earlier this year.
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NewsMove of the week: Stuart Machin joins Steinhoff
Almost a decade after leaving the UK to work in Australia, Stuart Machin is back, joining Steinhoff to run its UK retail home and housewares division.
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AnalysisProfile: Steinhoff’s 'world-class' homewares boss Machin
Steinhoff has snapped up Stuart Machin to helm Harveys and Benson for Beds. What will the former grocery golden boy bring to the role?
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NewsStuart Machin snapped up as Harveys and Benson boss
Steinhoff has snapped up former Target boss Stuart Machin as chief executive of Benson for Beds and Harveys, RetailWeek.com can reveal.
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NewsSteinhoff profits jump as Poundland sales climb
Steinhoff delivered a leap in profits and sales at the half-year mark, although its recent clutch of acquisitions dented margins.
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AnalysisAnalysis: Will Poundland’s multi-price punt pay off?
Poundland unveiled its plans to expand its price proposition and widen its in-store product offering. Will the move inspire or alienate its shoppers?
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OpinionTesco’s Booker deal deserves benefit of the doubt
A shareholder revolt against Tesco’s proposed merger with Booker has called into question the merits of the deal.
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NewsPoundland delivers quarterly like-for-like sales rise
Value variety store business Poundland has notched up a quarterly like-for-like sales rise, owner Steinhoff reported.
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NewsPoundland drops prices to 50p in first Sales event
Poundland has slashed the price on thousands of core products for its first ever Sales event.