A NEW budget chain where everything is on sale for a fiver is set to open 150 stores across the country. Five Pound World aims to take Britain by storm over the next 18 months with ambition to take the retail spaces left vacant by Poundworld. Poundworld collapsed in June with the loss of 5,000 jobs and 335 stores. Five Pound World opened its first branch in Burton-on-Trent, Staffs, last month and two more are due to open this month & in Derby and Walthamstow in North London. The discount chain is the brainchild of Dev Singh, managing director of Opium Group, a firm describing itself as "trading in various sectors all over the world." Everything costs £5 with plans to also sell cheaper products in multi-buy deals at the same price point. An example given was Domestos bleach spray at four for £5. The range currently consists of only general merchandise and homewares but this is only a quarter of what is planned, with food and other fast-moving consumer goods to be added in … [Read more...] about New Five Pound World high street bargain chain where everything costs £5 set to open 150 stores
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Amazon may open 3000 stores by 2021
Amazon is considering a massive expansion of its Amazon Go retail store initiative.The e-commerce giant may open as many as 3,000 such stores by 2021, according to a new Bloomberg report.Amazon opened its first Amazon Go store in its hometown of Seattle in 2016. The store offers consumers a cashier-free shopping experience and tracks purchases through video cameras and sensors in store shelves.Amazon's first such store was positioned as a regular grocery store with limited inventory.The company is now considering narrowing its focus even further to freshly-prepared foods that would appeal to lunch-time crowds -- something that one of Bloomberg's sources likened to the UK chain Pret-a-Manger.The new chain would be a massive expansion of Amazon's retail efforts, which also include Whole Foods as well as bookstores and in-mall kiosks.In the past, Amazon has shown that it likes to use these stores to peddle other products that also benefit its media initiatives.Whole Foods, for instance, … [Read more...] about Amazon may open 3000 stores by 2021
Here’s when Aldi is planning to open its new Chellaston store
Discount supermarket chain Aldi is hoping to have its latest Derby store open in time for Christmas. Last year, the firm received the go-ahead to create a brand new store off Swarkestone Road, on the outskirts of Chellaston. It will form part of a new shopping precinct that will feature three other retail units and potentially a Costa Coffee drive-thru. Situated on land close to the Bonnie Prince pub A50 roundabout off the A514, it will serve residents of hundreds of new homes that are being built in the area. The precinct will be in Riber Drive, a new road created as part of the housing developments. The Aldi store, which represents a multi-million-pound investment, will create up to 40 jobs, including 20 full-time roles and, according to Aldi’s recruitment website, it is looking to open the new store sometime in November. The majority of roles will be "locally sourced" says Aldi. Once open, the store, which will have a trading area of 1,554 sq metres, will trade from 8am to … [Read more...] about Here’s when Aldi is planning to open its new Chellaston store
Specialist in luxury commissions opens furniture store
0 Have your say The husband and wife team behind a studio creating high-end bespoke objects, with clients including Glasgow School of Art, Burberry, Land Rover and Johnnie Walker, has opened the shutters on a furniture shop in Linlithgow. Marisa Giannasi and Callum Robinson, an architect and designer, and second-generation woodworker respectively, have unveiled M74 – located at number 74 on the High Street – with items made less than three miles away at its workshop from locally sourced, native materials.The store will showcase a new collection of its furniture and cabinetry, as well as vessels and bowls turned from local timber. It will also exhibit figurative wood carvings by East Lothian master-woodcarver David Robinson (Callum’s father) and undertake bespoke furniture commissions.Callum Robinson told The Scotsman that the move comes amid the “revitalisation” of Linlithgow High Street. “We just though it was a nice … [Read more...] about Specialist in luxury commissions opens furniture store
Department store Debenhams and beauticians Blow issue joint statement confirming strong relationship
Debenhams will continue to expand its concession partnership with Blow, despite the bespoke beauticians putting themselves up for sale. In a joint statement, both companies commit to working together to expand the current number of in-store concessions from three to five by the autumn. A spokesman said there continues to be "a strong partnership" between the two firms after media reports suggested the relationship has deteriorated in the past year. Read more: Debenhams denies 'cash crunch' amid fears of insurer wobble Speculation about the relationship has arisen since Blow's backers sought the services of a boutique investment bank to find a buyer for the beauticians, with sources suggesting the brand is likely to be valued at over £50m. This would result in Debenhams being repaid for the 20 per cent stake it took in the company last autumn for £7.5m. Interested buyers are said to include Unilever, Estee Lauder, Coty and Boots. But despite concern that Blow will no longer … [Read more...] about Department store Debenhams and beauticians Blow issue joint statement confirming strong relationship