All Value articles – Page 15
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.
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OpinionOpinion: Improving is not winning in retail
The roll call of failed or struggling retailers is growing: Toys R Us, Maplin, Poundworld, Carpetright, Mothercare, House of Fraser.
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AnalysisTaking a pounding: winners and losers in value retail
This week yet another retailer fell victim to the gruelling conditions on the high street when Poundworld plunged into administration, putting 5,100 jobs at risk.
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CartoonRetail cartoon: Rollercoaster of emotions on the high street
Retail Week cartoonist Patrick Blower’s take on the mixed fortunes facing high street retailers
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AnalysisAnalysis: High street SOS – what needs to change?
Since the beginning of this year, 21,000 retail jobs have been lost as businesses as diverse as Toys R Us, Maplin, House of Fraser and Poundworld have entered administration or pursued CVAs.
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OpinionOpinion: Calling Andrew Griffiths… are you receiving?
At Retail Week Live in March, Government minister Andrew Griffiths took to the stage to announce the creation of a retail industry council. Since then he seems to have gone AWOL.
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NewsPoundworld founder hopes to pull off rescue deal
Poundworld entrepreneur Chris Edwards is considering buying back part of the value retailer’s business following its collapse into administration yesterday.
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NewsPoundworld collapse puts more than 5,000 jobs at risk
Poundworld has plunged into administration putting around 5,100 jobs at risk.
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NewsPoundworld to file intention to appoint administrators
Poundworld will file its intention to appoint administrators today after a rescue bid from Alteri collapsed, putting 5,500 jobs at risk.
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NewsPoundworld future in doubt as Alteri ditches rescue bid
Poundworld’s talks with Alteri Investors have ended at the eleventh hour, casting fresh doubt over the survival of the beleaguered value chain.
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OpinionOpinion: Why is Poundworld in trouble now?
There’s a lot more to being a successful discounter these days than having shelves laden with cheap stuff.
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NewsPoundworld closing in on rescue deal with Alteri
Former Austin Reed owner Alteri Investors is closing in on a deal to rescue embattled Poundworld.
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NewsPoundland owner holds 'urgent' restructuring talks
Poundland’s owner Steinhoff has kicked off restructuring talks with its lenders to address the group’s “critical” debt position.
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NewsPoundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.
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NewsPoundworld parent TPG parks CVA plan in favour of sale
Poundworld’s owner has halted plans for a possible Company Voluntary Arrangement (CVA) after receiving expression of interest from prospective buyers.
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OpinionClive Black: Sainsbury’s-Asda is big challenge for CMA
Boom! When Poundland decided to acquire 99p Stores, the Competition and Markets Authority (CMA) took it to a Phase 2 investigation.
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NewsPoundworld plots up to 100 store closures in CVA plan
Poundworld is preparing to launch a CVA, which could see it close up to a quarter of its store estate.
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NewsPoundstretcher credit insurers reduce cover
Poundstretcher owner Crown Crest Group has had its credit cover cut as insurers continue to tighten terms for high street operators.
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AnalysisThe disruptors: Who are the new value retail players?
The value sector is the latest focus of Retail Week’s ‘The disruptors’ series, which looks at the businesses creating waves across the industry.
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NewsSteinhoff first-quarter sales slump as scandal deepens
Steinhoff has posted a fall in its UK and overall first-quarter sales as chairwoman Heather Sonn warned that its accounting scandal could stretch beyond the €6bn already flagged.