All Value articles – Page 4
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NewsPoundland owner Pepco Group posts record growth
Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
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AnalysisStrategy spotlight: Five ways The Works’ elevation strategy will win consumer spend
The Works is on a mission to change its legacy perception as a “pile it high, sell it cheap” discounter. As its “better, not just bigger” refocused strategy accelerates, the retailer topped Retail Week’s fastest-growing value ranking for 2021/22. We explore its five key drivers to profitability as consumer confidence lifts.
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AnalysisWho are the new arrivals diversifying UK retail destinations?
Retail has undergone huge changes since the pandemic, which saw many shops shut their doors for good.
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NewsWilko store deals at risk as discounters renegotiate leases
Rescue deals for former Wilko stores are “at risk” and could fall through as potential buyers try to negotiate more favourable terms with landlords, The Times has reported.
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NewsTen more ex-Wilko stores reopen as Poundland
Ten more ex-Wilko stores will open their doors as Poundland on Saturday, October 7.
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NewsMiniso opens first ‘Mini’ store in central London
Chinese lifestyle retailer Miniso has opened the doors to its first UK Mini Miniso concept store in central London.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsPepco reshuffles management team and issues profit warning
Pepco is making changes to its management team and has issued a profit warning for the full year 2023 due to an “increasingly challenging trading environment” in Central and Eastern Europe.
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NewsFormer Wilko stores to open as Poundland shops this week
Ten former Wilko sites will reopen as Poundland stores on Saturday, September 30.
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NewsExclusive: PureGym and Poundstretcher eye former Wilko stores
Poundstretcher is looking to take over former Wilko stores while PureGym has since said it is no longer interested in the sites, Retail Week has learned.
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NewsAldi posts ‘record sales’ as it gains a million customers
Aldi has posted “record sales” in the 12 months to December 2022, claiming the cost-of-living crisis has “transformed” the way the UK shops.
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NewsWilko: the full and final list of store closures
Wilko will close the last of its remaining stores next month.
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NewsWilko administrators to carry out review of £77m dividends payout
Wilko’s administrators PwC will conduct a review into the dividends paid out to investors in the decade leading up to the retailer’s collapse.
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NewsTK Maxx owner TJX records rise in revenue and profit
TJX UK, a subsidiary of TJX companies in the UK that owns TK Maxx and Homesense has recorded a rise in revenue and profit in the 52 weeks to January 28.
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NewsPoundland relaunches ecommerce website
Value giant Poundland has relaunched its ecommerce website, offering customers a range of around 3,000 products online.
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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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NewsExclusive: Discounters and value retailers to be fastest growing grocers in next five years
The discounters Aldi and Lidl and value giant Poundland are set to be the fastest-growing food retailers in the UK over the next five years.
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NewsWilko staff to face pension cuts after benefit scheme enters the Pension Protection Fund
Wilko staff to face pension cuts as the retailer’s benefit scheme enters the Pension Protection Fund, the Sunday Times reported.
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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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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.