All Stores and property articles – Page 94
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NewsNext raises profit guidance as sales boom
Next has increased its full-year profit guidance for the third time this year as sales and profits boomed during its first half.
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NewsWilko: Full list of stores closing next week
Wilko administrator PwC has announced a list of branches that will close next week, following the retailer’s collapse.
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DataForecast: Who will win in grocery as inflation begins to ease?
Grocery spend increased by 8.4% and 8.7% on a total and like-for-like basis respectively in the three months to July, according to the BRC-KPMG Retail Sales Monitor. This compares to a 1.5% increase for retail overall. With high rates of food inflation, value has been the key focus and, despite transaction value increasing, volumes have been in decline.
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InterviewInterview: Style, sustainability, stores, storytelling – the corner pieces of Beth Butterwick’s Jigsaw
As Jigsaw looks to inject some of the founder’s 1970s DNA back into the business, chief executive Beth Butterwick talks about how its heritage is part of the progressive journey for the fashion retailer
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GalleryStore gallery: Frasers opens new department store in Norwich
Frasers has opened a new concept store in Norwich, demonstrating the group’s “commitment to physical retail in the UK, as well as the continued growth of Frasers”.
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GalleryShein brings ‘brand experience to life’ with Oxford Street pop-up
Fast-fashion retailer Shein has opened the doors to its latest pop-up on Oxford Street to offer shoppers “the best of Shein this season” in the heart of London.
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Opinion‘Time to address crime or face a US-style retail flight from troubled towns’
Right across the retail spectrum, from value shops to department stores, indies to chains, the blight of crime is increasingly being felt.
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NewsWilliam Reed launches Retail Week x The Grocer LIVE 2024
William Reed has launched Retail Week x The Grocer LIVE 2024, a two-day gathering of the leading minds in retail and fast-moving consumer goods (FMCG).
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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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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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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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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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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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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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NewsRetailers to fund new police operation to crack down on crime
Retailers including John Lewis, Sainsbury’s and Tesco have agreed to fund a new police operation, Project Pegasus, to crack down on shoplifting in stores.
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NewsMotor Fuel Group eyes £2bn deal for Morrisons petrol forecourt business
Motor Fuel Group (MFG) is reportedly in talks to buy Morrisons’ portfolio of 340 petrol station forecourts in a deal that could be worth up to £2.5bn.
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NewsRetailers call on Jeremy Hunt to freeze business rates
A group of 44 retail leaders across the industry have written to the chancellor of the exchequer, Jeremy Hunt, to call for a freeze in business rates as part of his autumn statement.