Retail news

Wilko: Pensions Regulator launches probe into £77m dividend payouts

24-09-2023 11:50 via retailgazette.co.uk

The Pensions Regulator will investigate dividends extracted from Wilko as part of a wider investigation into the value chain’s collapse last month.
It comes as pressure ramps up for its family shareholders to address the £56m deficit in the retailer’s pension fund, The Sunday Times reported.
Administrators at PwC estimate the deficit in the scheme, which holds 2,000 members, is £76m on a buyout basis.
It is set to recover £20m from security it took over a distributi

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Waitrose to relocate ‘terribly organised’ shops as part of store overhaul

24-09-2023 11:14 via retailgazette.co.uk

Waitrose boss James Bailey has promised to relocate “terribly organised” shops as part of the grocer’s major revamp of its store estate.
The executive director told The Telegraph that he was determined to make sure the supermarket had its branches in “the right place in the right postcode” to become “more accessible and more appealing” to shoppers.
“For the last two or three years with Covid-19 and the cost of living challenges – and a little

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Waitrose to relocate ‘terribly organised’ shops amid store revamp

24-09-2023 11:14 via retailgazette.co.uk

Waitrose executive director James Bailey has promised to relocate “terribly organised” shops as part of a major overhaul of its store estate.
Bailey told The Telegraph that he wanted to make sure its stores were “more accessible and more appealing” and that it had “the right place in the right postcode”.
He said: “For the last two or three years with Covid-19 and the cost-of-living challenges – and a little bit before that – we had to be care

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Morrisons inches closer to sale of forecourts business

24-09-2023 10:40 via retailgazette.co.uk

Morrisons is pushing ahead with plans to offload its petrol forecourts business as it looks to bring down its soaring debts.
The supermarket is understood to be staying firm on its decision to exit fuel retailing to focus on its core food and manufacturing business instead.
The grocer is continuing discussions to sell all 340 of its petrol stations to Motor Fuel Group, which is also owned by private equity firm CD&R, This is Money reported.Subscribe to Retail Gazette for free
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