Remove Management Remove Planning Remove Value Offer
article thumbnail

How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. However, in this macroeconomic environment, customers are particularly responsive to a high-value offering. “We

Planning 246
article thumbnail

Tesco to open over 150 Express stores in next 3 years

Retail Gazette

Tesco is planning to open over 150 Express convenience stores in the UK over the next three years as it ramps up expansion plans. Tesco managing director UK stores Kevin Tindall said: “I’m delighted that we have come full circle and returned to the street where it all began, with Jack Cohen’s first store in Burnt Oak.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What does Barry Williams’ return mean for Poundland?

Retail Gazette

Williams stepped back from the helm of the value retailer in September 2023, when Pepco moved him across to head up and the group’s European sister chain. Williams’s return has been well received thanks to his proven track record of transforming the business during his time as managing director between 2017 and 2023.

Returns 112
article thumbnail

Best of 2024: Clintons new owner’s plans for the card retailer that refuses to fold

Retail Gazette

At its peak, it was the clear greetings card market leader with over 1,000 stores and a presence in almost every major British town, but a n influx of internet rivals alongside the growing popularity of Card Factorys value offer resulted in the retailer losing its grip on the industry.

article thumbnail

Tesco to axe 400 jobs ahead of Budget tax hikes

Retail Gazette

Tesco is set to cut 400 jobs across its stores and head office management as it looks to simplify the business ahead of tax hikes in April. The cuts impact several head office management roles, management in Tesco Mobile phone shops and staff at its in-store bakeries, where it plans to move away from scratch baking.

Grocer 122
article thumbnail

Has John Lewis Partnership finally turned a corner with its ‘refreshed’ turnaround plan?

Retail Gazette

John Lewis appeared to backtrack on Dame Sharon White’s original turnaround plan as CEO Nish Kankiwala vowed to focus “unashamedly” on retail after the partnership posted its first profit in four years. We’ve secured the funding we need for the four years of the plan.

Planning 111
article thumbnail

B&M beats lockdown peak as profits boosted by new store openings

Retail Gazette

B&M has beaten its lockdown peak, thanks to new store openings and continued demand for its value offer from cash-strapped shoppers. The value retailer’s statutory pre-tax profits jumped 14% to £498m in the 53 weeks to 25 March, up from £436m. Hall has been a non-executive director at the value chain since 2018.