Store Estate

Tesco to open multi-million pound distribution hub in London

Tesco has announced plans for a new distribution centre at DP World London Gateway, set to open in 2029. The supermarket said the site would strengthen its logistics network and support growth across its store estate. It described the move as a long-term investment in ensuring operations remain “fit for…

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Footasylum FY profits jump 188% as sales hit record £349.5m

Footasylum has revealed its profit before tax  jumped 188% to £17.2m and its operating profits more than doubled to £21.7m, in the year to 25 January 2025. It comes as it reported a 9.4% rise in revenues to £349.5m amid strong consumer demand for its exclusive brands and new store…

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Superdrug FY profits jump 22.6% amid focus on value items

Superdrug has seen its full-year pre-tax profits jump by 22.6% to £136.8m, as store openings, refurbishments and a focus on value helped offset weaker UK footfall and pressure on consumer spending.  It comes as the health and beauty retailer saw its sales rise by 7% during the year to 28…

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ProCook FY sales rise 11% to £70m as it ‘outperforms’ market

ProCook has reported that both full-year sales have soared after “outperforming the market”, with sales rising 11% to £69.5m.  The group said its sales result reflects “positive momentum” in both its ecommerce and retail channels over the period.  Its retail revenues rose by 10.3%, benefitting from a like-for-like growth of…

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Matalan to open 10 stores annually amid £25m investment

Matalan has announced that it is set to invest over £25m in its UK store estate following the £25m of additional funding secured from its anchor investors last month. This marks the first phase of a long-term programme to modernise Matalan’s full estate over the next three to five years…

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Wickes enters FTSE 250 amid strong sales

Wickes has been promoted to the FTSE 250 index following a strong start to the year. David Wood, chief executive of the Wickes Group stated that it was a “fantastic recognition for all the hard work of its colleagues who do such a great job serving customers and helping the…

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Co-op to roll-out smart electronic shelf labels

The Co-operative Group (‘Co-op’) has partnered with VusionGroup to replace paper shelf edge labels in store with electronic shelf edge labels, across its store estate. The convenience retailer is working with VusionGroup to roll-out the innovative technology across its near 2,400 stores. It said the electronic labels will offer enhanced clear, accurate and transparent product…

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Wickes revenues up almost 7% in Q1

Wickes has announced that its group revenues have risen 6.9% to £533.1m during the 17 weeks ended 26 April 2025. This came after strong volume-led sales growth within its retail arm which saw its revenue grow 9.6% to £396.7m in the period. Wickes stated that it increased its market share…

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Angling Direct sees FY sales and profits rise

Angling Direct has reported a 11.9% increase in group revenues to £91.3m and a 23.6% rise in adjusted profit before tax to £2.0m for the 12 months ended 31 January 2025 (FY25). Its adjusted EBITDA also increased 20.0% to £3.4m, slightly ahead of recently upgraded consensus market expectations. In the…

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A Lidl bit more: Why is Lidl investing in expansion?

On 28 April Lidl announced that it is going to invest £500m in store expansion, aiming to open more than 40 stores in the process. The budget supermarket has been rapidly gaining market share in the UK hitting a record 8.1% in May 2024, according to data from Kantar. With…

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