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“While we have delivered an incredible product, some of the innovations are really at ‘stage one’. Coles is using the store revamp to trial key concepts that it identifies as being important to the customer, including an elevated “fresh and healthy” offering, as well as greater “convenience” and “value” offerings. “In
Leading bargain and variety retailer, B&M, is set to open a 25,503sq ft store at Derbion on Friday 26 July 2024. The new B&M store will offer shoppers the chance to discover branded products at low prices across groceries, homeware, toys, health and beauty, DIY and beyond.
” The partnership’s finance director Bérangère Michel says the business is in “good financial health” in pursuing the rest of its turnaround strategy and has secured the funding it needs for the remainder of the plan, helped by a £260m injection of cash from the sale and leaseback of 11 Waitrose stores and a new term loan.
Poundstretcher has slashed its prices by up to 75% across hundreds of selected products in its summer sale as it ramps up its valueoffer. It comes after the value chain permanently lowered the price on 1,000 products on a range of household, cleaning, health and beauty and storage items.
” With John Lewis chief executive Nish Kankiwala confident the partnership will deliver “significantly higher” profit this year, Retail Gazette takes a look at why the retail giant is feeling so positive as it prepares to enter its busiest period of the year. “We expected it to be positive. percentage point to 4.5%.
Adjusted operating profit was recorded at £504 million, reflecting the company’s successful cost management and efficiency initiatives. Statutory profit before tax stood at £489 million, a marked improvement from the previous year. Continued progress was made on value perception with £60m invested in price.
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