It is sad to read that Poundworld are potentially closing up to 100 of their stores as they battle the ‘high street’ slowdown.
With a recent visit to New York under our belt, capturing another 2,000 images charting the latest and greatest added to the vault…. I was thinking about how to reflect on the trip and break the huge number of observations in to manageable chunks. Be it blogs, newsletters or our wider reports.
With the rather surprising news that former UK retail veteran Stuart Machin has returned to UK Food retailing after a period in Australia with Coles and Target and also with Steinhoff (UK). Here are the 5 that matter for M&S Food as he looks to get started in April.
Express Checkout: Toys R Us (UK) have entered administration today after struggling to pay a VAT demand. The chain has made a loss for the last 7 years (from 8) and has struggled with a mountain of debt and an aged store estate with locations that are broadly out of town.
Express Checkout: Tesco and Booker have ratified their merger / takeover today, with 85% voting in favour of the deal. Tesco have already started to integrate Booker, with a Chef Central implant store in Cambridge (former Dobbies) and two Extra stores benefitting from an expanded range within the store in seasonal space.