Home Bargains
This coverage focuses on Home Bargains, a leading UK discount retailer renowned for offering top-brand products at competitive prices. Explore updates on store openings, including recent launches in Enniskillen and plans for a second Inverness location. Stay informed about the company’s expansion strategy, which aims to increase its store count from over 600 to between 800 and 1,000 locations across the UK. Insights are tailored for retail professionals, brand managers, and business executives seeking to understand Home Bargains’ impact and trajectory in the UK retail sector.
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Feb- 2024 -15 FebruaryShopping Centres
Clacton Shopping Village marks ‘record-breaking’ 2023 trading
Clacton Shopping Village in Essex has experienced a “record-breaking” 2023 after welcoming a new high of 1.6 million shoppers and sales of £21m for the first time. The shopping destination, which celebrates its 25th anniversary this year, saw a record £630k taken in the week leading up to Christmas when…
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Sep- 2023 -12 SeptemberSupermarkets
Grocery price inflation drops to 12.2%
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar. Take-home sales from the grocers rose by 7.4% compared with the same period in 2022, a slight increase on the…
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Aug- 2023 -15 AugustHigh Street
Wilko competitors consider bids for its estate
Wilko’s non-food market competitors Poundland, B&M, The Range and Home Bargains are reportedly among the companies looking to settle a deal to acquire the collapsed business, The Sun has reported. The retailers have until tomorrow (Wednesday 16 August) to register their offers with PwC, Wilko’s administrator. It is understood that…
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Mar- 2023 -21 MarchProperty
British Land hails £120m in gross capital activity amid acquisitions
British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail parks and selling 50% stake of its Preston retail park. The company completed the acquisition of three high quality retail parks for a total of £94m and sold its 50%…
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20 MarchHigh Street
Home Bargains owner pockets £20m dividend despite falling profits
The billionaire owner of Home Bargains received more than £20m in dividends last year despite the company’s profits falling 26%, according to This Is Money. TJ Morris, the company that owns Home Bargains, posted profits of £290m for 2022 from revenues of £3.42bn. This led the company to pay out…
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May- 2022 -16 MayHigh Street
Jollyes unveils manager for new Stirling store amid recruitment drive
Jollyes has named the manager for its latest store in Stirling as recruitment for new colleagues gets underway. The new store at Unit 3 Burghmuir Retail Park in Stirling will open in mid-June and employ 12 colleagues. Jollyes has recruited Angela Rennie, who has worked for leading retailers including Home…
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Apr- 2022 -5 AprilSupermarkets
Supermarket sales remain in decline amid online pandemic comparatives
Total till sales at UK supermarkets fell -4.1% in the last four weeks ending 26 March, the lowest sales growth so far recorded in 2022, according to the latest data released by NielsenIQ. However, it said this is the final figure measuring sales growth against the high lockdown comparatives, indicating…
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Oct- 2021 -13 OctoberHigh Street
Holland & Barrett to close stores on Boxing Day
Holland and Barrett is the latest store to announce plans to close all its stores in the UK and Ireland on Saturday, 25 December and Sunday, 26 December 2021, as a “thank you to colleagues for their efforts during the pandemic”. It follows in the footsteps of Morrisons, Marks and…
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Aug- 2021 -9 AugustShopping Centres
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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Feb- 2021 -24 FebruaryHigh Street
Home Bargains 2020 turnover soars to £2.8bn
TJ Morris, the owner of discount retailer Home Bargains, has reported an annual turnover of £2.8bn for the year ended 30 June 2020. The revenue represents a 13% year-on-year increase as the group’s turnover climbed £321m from its 2019 level. Operating profits also increased by the same margin for the…
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