High street – Page 7
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News10 former Wilko stores to be reopened by Poundland this weekend
They are the first to reopen of 71 stores which Poundland agreed to acquire from administrators for Wilko earlier this month
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Comment and OpinionCan Project Pegasus stamp out rising retail crime?
The wheels are in motion for a bold and costly new police operation to crack down on the shoplifting epidemic currently rife in retail: Project Pegasus
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NewsWilko collapsed owing over £400m, new documents show
The debts included £9.8m to Procter & Gamble and £3.2m to Unilever
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Comment and OpinionWilko’s demise shows the importance of digital
Brand loyalty for traditional retailers today only really works when it spans the physical store and the online offering, says Julian Skelly, senior VP for retail at Publicis Sapient
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NewsPoundland agrees to take 71 Wilko stores – and promises jobs for Wilko workers
The 71 stores are expected to reopen under the Poundland brand in the fourth quarter of 2023, adding to its existing 800-plus UK estate
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NewsAll Wilko stores to close by early October, with over 10,000 workers facing redundancy
The joint administrators said that despite extensive efforts, it had become clear no significant part of Wilko operations could be rescued as a going concern
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NewsPlanet Organic store to close after failing to agree lease with Iceland
It is not clear how the closure could affect Renée Elliott’s turnaround plan
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NewsRetail leaders write to Jeremy Hunt calling for business rates freeze
Without a freeze in the business rates multiplier – used to calculate the commercial property tax – there will be new upward pressure on prices just as inflation has begun to ease, according to a letter signed by major supermarkets
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NewsHundreds of individual Wilko stores for sale as union says all are to close by early October
In an update for members this morning, GMB said administrators at PwC had confirmed an offer for hundreds of stores as a going concern had fallen through
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News1,000 more Wilko job losses expected in B&M ‘premises only’ deal for 51 stores
It follows 1,332 Wilko redundancies already confirmed, made up of 299 in two distribution centres, 17 in its digital operations department and 1,016 in 52 stores which are to close next week
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NewsWhole Foods Market rolls out new supplier guidelines
The Amazon-owned grocer introduced a product submission calender across grocery, wellness and speciality categories
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NewsHolland & Barrett vows to improve supplier relationships following major overhaul of food
The retailer has reviewed its entire grocery category and added 500 new lines into stores
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NewsFirst Wilko store closures confirmed, with over 1,000 redundancies
Joint administrators at PwC said negotiations with potential buyers continued but it was clear some of Wilko’s stores were not part of the talks
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NewsSalad chain Kaleido Rolls launches Pret ‘disloyalty’ scheme
The chain will give Club Pret members a free salad roll as part of the campaign
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NewsB&M agrees to buy 51 Wilko stores as hopes for wider rescue fade
The announcement has been taken as a sign that a rescue of Wilko’s remaining 350 stores and brand is unlikely
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NewsHolland & Barrett apprenticeship scheme rated highly by Ofsted
It comes as a growing number of retailers call for the Apprenticehip Levy to be reformed
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NewsHolland & Barrett accounts reveal extent of struggle
Holland & Barrett’s owner LetterOne bought back £700m of its debt in November 2022
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NewsWilko redundancies to begin from Monday as rescue bid fails
Administrators PwC said there was no viable offer for the entire business
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NewsM&S launches legal challenge against Oxford Street store veto
M&S claims that in rejecting the plans in July, Gove wrongly interpreted and applied planning policy
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NewsCity snapshot: M&S set for return to FTSE 100
M&S is expected to reclaim its spot in the list of the UK’s most valuable companies today for the first time in four years following a recent turnaround in fortunes.