Store Estate

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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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