All Value articles – Page 17
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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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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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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.
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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.
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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.
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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”.
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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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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.
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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.
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NewsPep&Co to expand into Europe through Dealz tie-up
Pep&Co will roll out shop-in-shops in Poundland’s European retail arm Dealz next year in Ireland, France and Spain.
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DataData: The top 30 retailers by UK store numbers
Tesco and the Co-op maintain the largest store networks, but discounters are showing the fastest growth.
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CartoonBlower’s retail cartoon: Retailers defy £1 coin deadline
Cartoonist Patrick Blower’s take on Poundland, Tesco, Aldi and Iceland all still accepting the old £1 coin after the deadline in mid-October.
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OpinionTesco and Poundland prove it pays to take a stance
As Poundland and Tesco give their two pence on the deadline for shoppers to spend their old £1 coins, are other retailers missing a trick by not speaking up?
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NewsTesco joins Poundland to flout old £1 coin deadline
Tesco has confirmed that it will ignore the Royal Mint deadline and accept old £1 coins for a week after they cease to be legal tender.
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NewsPoundland to ignore deadline over old £1 coins
Poundland will ignore the Royal Mint’s deadline and continue to accept old £1 coins after they cease to be legal tender at the weekend.
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NewsRetail diary: Why shoppers are thrilled with Poundland
Morrisons goes to war with Asda over wonky veg, Poundland starts flogging cheap thrills, and one retailer takes puppy love one step too far.
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NewsToday in retail: M&S joins online food race
Marks & Spencer has gone ahead with a one-hour pilot food delivery service, finally shouldering up to grocery rivals in the hotly contested convenience war.