Wednesday, January 29, 2020
The Works

The Works to spend £5.3m in aggressive expansion

Value retailer The Works is planning to invest £5.3 million to open 60 news stores and create 600 new jobs as part of the latest phase in its expansion strategy.

Poundland fights back against Toblerone legal threats

Poundland has responded to threats of legal action from Toblerone over its copycat bar stating that the bar‘s shape is no longer distinctive enough to be a valid trademark.
TK Maxx update

TK Maxx parent company reports strong sales growth

The US-based parent company of TK Maxx has recorded a six per cent rise in sales for the second quarter of its fiscal year. In...
Wilko job cuts

Trade union hopeful Wilko job losses will be minimal

Trade union officials have expressed hope that jobs losses at beleaguered retail chain Wilko can be minimised after initial fears that thousands will be made redundant.
Wilko job cuts

Thousands of jobs on the line as Wilko eyes job cuts

The future of almost 4000 Wilko staff is up in the air after the homewares retailer confirmed it has commenced a redundancy consultation period, weeks after it posted an 80 per cent drop in annual profits.
Poundland 50p

Poundland launches 50p sale for first time

Discount retail chain Poundland has just launched a sale where thousands of products will be sold at just 50p for the first time ever.

Weakened pound sends Wilko profits plummeting 80%

Value retail chain Wilko has recorded a sharp drop in profits, attributing it to the weak sterling and the “unilateral imposition” of the national...
Tofs new CEO

Tofs appoints Halford’s former commercial boss as new CEO

Tofs has hired the former commercial director at Halfords, Emma Fox, to be its new chief executive.
Asda takeover

Asda thought to be considering £4.4bn bid for B&M

Big 4 grocer Asda could table a takeover bid for discount retailer B&M, according to the Sunday Times.
Shop price value retail

Value retailers increase store count by 5000 since 2009

An increasing consumer focus on affordability and convenience has seen value and discount retailers increase their UK store count by more than 5000 since...

Feature Resource

[Whitepaper] Retail Lessons From China

Did you know? Chinese demographics are much more complex than ‘Gen X/Y/Z’? Instead they’re segmented as: Post-80s, Post-90s, Post-95s, Post-00s. And, while Post-80s and 90s...