Dutch eyewear brand Ace & Tate has announced the opening of a new store in the vibrant neighbourhood of Portobello Road in London. This will mark the kick off of the brands expansion across the UK over the next four months including three in London. Ace & Tata’s rapid expansion averaging one store opening per […]
ACE & TATE ANNOUNCE THE OPENING OF FIVE STORES IN THE UK Read More »
Profits dipped at Asda in 2022 due to accelerating cost inflation but sales edged higher, it has been revealed. The UK’s third largest supermarket chain, which is owned by the Lancashire-based billionaire Issa brothers and TDR Capital, said sales improved significantly in the latter half of the year after investing in price cuts as customers
PROFITS DROP AT ISSA BROTHERS OWNED SUPERMARKET DUE TO COST OF LIVING Read More »
A new wholesale cash and carry depot has opened in Birmingham creating 100 jobs. Employee-owned Parfetts has launched its eighth depot in Tyseley, and its first in the West Midlands, expanding its existing coverage in which it already serves Wales, the north of England and across the Midlands. The company supports more than 1,100 retailers
CASH & CARRY DEPOT OPENS ITS FIRST WEST MIDLANDS LOCATION Read More »
One of Scotland’s most prominent entrepreneurs will co-ordinate a new community-led initiative to re-energise Aberdeen’s Union Street. Former FTSE 100 chief executive Bob Keiller (pictured above) has agreed to lead Our Union Street, a start-up seeking to bring new businesses and people to the ‘Granite Mile’. The organisation is currently raising funds and will have
ENTREPRENEUR TO HELP REGENERATE UNION STREET Read More »
The North East operation of kitchens retailer Magnet has remained unscathed in a group-wide shake up which has closed its Dewsbury and Grays factory locations. In a restructuring of its UK business, Magnet operator Nobia said it needed to address underperformance in its ‘Projects’ business, which includes the sale of kitchens to public and private
RETAILER RESTRUCTURES WITH CLOSURES AND REDUNDANCIES Read More »
DIY retail chain Screwfix is set to open up to 60 new stores next year as the firm continued its expansion with an acquisition and entered new European markets. The home improvements brand, founded and headquartered in Somerset, is planning to open its new outlets across the UK and Ireland in the next financial year.
SCREWFIX GROWS NUMBER OF STORES Read More »
Home Bargains is in a “strengthened” financial position despite its profits being cut by more than £100m during its latest financial year. The Liverpool-headquartered discount retailer has posted pre-tax profits of £293.1m for the 12 months to June 30, 2022, down from £396.7m in the prior year. However its turnover, according to newly-filed documents with
RETAIL CHAIN IN STRENGTHENED POSITION DESPITE DROP IN PROFITS Read More »
Co-owners of FreshMex Chris Moult (left) & Robbie Moult (right) The surge in demand for its Mexican mixes has prompted a thriving family-owned brand to make a significant six-figure investment into three new products fit for supermarket shelves. Run by two Scottish brothers, FreshMex has taken on the retail sector with the creation of two natural
FAMILY RUN BRAND BREAKS INTO RETAIL FOLLOWING FOODIE SUCCESS Read More »
Profits at the billionaire Issa brothers’ retail and petrol station empire increased to almost $1.5bn during 2022, according to new figures. EG Group, whose brands include Cooplands, Cumberland Farms, Leon and Euro Garages, has posted an EBITDA of $1.46bn on a constant currency basis, up by 1.9% compared to 2021. The Blackburn headquartered group’s turnover
PROFITS RISE AT EG GROUP AS SALES SURGE 25% Read More »
Edinburgh continues to have the lowest retail vacancy rate of the UK’s major cities, excluding London, despite the introduction of St James Quarter, according to analysis from Knight Frank. The independent commercial property consultancy’s analysis found that despite the new shopping district contributing to the expansion of Edinburgh city centre’s total retail space by 424,000
EDINBURGH RETAIL ADAPTS FOLLOWING ST JAMES QUARTER ARRIVAL Read More »
