Store Estate
This coverage examines UK retailers’ store estate strategies, including site selection, portfolio optimisation, leasing decisions, openings, closures, and location analytics. Reporting highlights how businesses shape physical footprints to balance cost efficiency, customer accessibility, and market growth — offering insight for executives, real estate managers, and operations professionals responsible for retail property planning.
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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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28 JuneDIY
Hobbycraft revenues up 15% as online sales soar
Hobbycraft has welcomed a “robust” set of results in its latest financial year, as revenue rose by 14.8% to £203.1m, up from £176.9m in FY21. Its full-year adjusted EBITDA hit £15.0m, meanwhile, up from £13.8m in FY21 and £14.8m in FY20, before the pandemic. Overall, the group saw a total…
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May- 2022 -26 MayDIY
Wickes sales dip despite ‘record’ order books
Wickes has revealed that like-for-like sales for the first 20 weeks of the year were down 0.6% against the prior year, with year-to-date trading in line with expectations against “strong” prior year comparatives. Core like-for-like sales were down by 7.2%, though delivered DIFM sales were up by 30.9% over the…
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Apr- 2022 -5 AprilSupermarkets
CD&R begins £500m Morrisons property sale as it warns on profits
The new owner of Morrisons, Clayton Dubilier and Rice, has reportedly begun plans to sell a £500m property portfolio months after completing its £7bn takeover, after the grocer also warned its profits could be impacted by inflation and war in Ukraine. Morrisons has revealed it experienced a fall in earnings…
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Nov- 2021 -29 NovemberSupermarkets
Lidl GB appoints new CEO
Lidl GB has announced the promotion of Ryan McDonnell as its newest CEO with effect 1 February 2022. He replaces Christian Härtnagel who will be moving to the role of CEO at Lidl Germany on 1 March 2022. Härtnagel has been CEO of the UK group for more than five…
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29 NovemberSupermarkets
McColl’s to convert 450 sites to Morrisons Daily format within 12 months
McColl’s has announced it has agreed a deal with Morrisons to extend the number of Morrisons Daily converted stores from 350 to 450 stores over the next year. The group said it expects to complete all 450 conversions by the end of November 2022, compared to its previous target of…
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8 NovemberHigh Street
Cake Box sees H1 profits rise to £3.7m
Dessert specialist Cake Box has revealed that pre-tax profits rose to £3.7m from £1.66m for the six month period ending 30 September 2021. Revenue grew to £16.47m from £8.59m and was boosted by the opening of 20 new franchise stores during the period. The franchise store estate traded “well” in…
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Oct- 2021 -18 OctoberSupermarkets
Tesco commences £500m share buyback
Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company. The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022. The grocer had previously…
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14 OctoberSupermarkets
Aldi to open 100 new stores over two years
Aldi has announced that it plans to open 100 new stores across the UK over the next two years. The group has now pledged to invest £1.3bn by 2023 in a bid to further grow its retail estate, as it continues to push ahead with plans to open an average…
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13 OctoberClothing & Shoes
Shoe Zone revenues fall to £119m in FY21
Shoe Zone has announced that group revenue dropped slightly to £119.1m in the full-year ending 2 October 2021, down from £122.6m in 2020 and £162m in 2019. This decline was largely attributed to the effects of the pandemic, which saw its store estate closed for 16 weeks in the first…
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