Poundstretcher
This coverage examines Poundstretcher’s operations and strategy in the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes store openings and closures, restructuring efforts, leadership changes, marketing campaigns, and the brand’s positioning in the value and discount retail sector. The analysis helps professionals assess Poundstretcher’s growth plans, competitive approach, and challenges in a price-sensitive market.
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May- 2025 -7 MayFeatures
Poundland: what does the future hold for the discount retailer?
Poundland, once the epitome of the UK’s discount retail scene, finds itself at a crossroads as it navigates shifting consumer behaviors, rising operational costs, and an evolving market landscape. As the cost-of-living crisis deepens and consumer preferences shift, the discount retail sector faces a host of challenges. For Poundland, staying…
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Jan- 2025 -27 JanuaryNews-In-Brief
Today’s news in brief-27/1/25
WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue…
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27 JanuaryHigh Street
The Original Factory Shop nears sale to Baaj Capital
The Original Factory Shop (TOFS) is close to being sold after more than 17 years of ownership of private equity firm Duke Street, Sky News has revealed. Baaj Capital, a family office behind investments in fashion retailer In The Style as well as party supplies group Amscan International, is allegedly…
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Oct- 2024 -15 OctoberNews-In-Brief
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
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15 OctoberHigh Street
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth plans. Miles Foster joins the executive team as group operations director after a 35-year career at Morrisons. In his new role, he will lead over 300 stores and oversee the stores…
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Apr- 2024 -12 AprilNews
Today’s news in brief-12/4/24
Levi’s has welcomed Gianluca Flore, a seasoned executive from Burberry, as its new chief commercial officer effective 29 July . With over 20 years of experience in luxury apparel, Flore will oversee global commercial operations, reporting directly to Levi’s CEO Michelle Gass. His track record in brand expansion and profitability…
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12 AprilHigh Street
Majestic Wines owner Fortress acquires Poundstretcher
Poundstretcher has been acquired by Fortress, owner of Majestic Wines, after owner Aziz Tayub retired. As part of the transaction former Morrisons group commercial director Andy Atkinson has been appointed as the company’s CEO and Tristan Phillips will resume his role as CFO. Furthermore, Trevor Strain, former Morrisons operating and…
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Apr- 2023 -11 AprilHigh Street
Poundstretcher eyes stock market listing
Poundtsretcher is reportedly eyeing a floatation on the stock market, The Mail On Sunday has reported. According to City sources, the discount retailer has hired advisers to explore a potential listing after the business welcomed strong sales during the pandemic. The Mail said it was “not yet clear” if the…
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Aug- 2022 -2 AugustPeople Moves
Former Asda exec named CEO of Poundstretcher
Poundstretcher has announced the appointment of Derek Lawlor as its new CEO, who succeeds current CEO, Aziz Tayub, with immediate effect. Following the appointment, Tayub will assume the role of chairman at the group. Lawlor brings with him a “wealth” of experience, having started his retail career with Tesco over…
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Jun- 2022 -29 JuneSupermarkets
Poundstretcher to keep prices low despite FY22 profit warning
Discount chain Poundstretcher has warned that sales are set to drop to £277m in the year to March 2022, attributing this performance to fewer stores, while pre-tax profits are set to halve, falling to £40m. It comes as recent accounts filed at Companies House showed that pre-tax profit hit £88m…
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