23 May 2024
23 May 2024
The administrators will pursue sale transactions for the remaining assets of the company.
The retailer's statutory revenue reached £13.04bn, a 9.3% rise from £11.93bn in 2022/23.
The new stores feature a footprint of 57,000ft², larger than the Neighborhood Market average of 40,000ft².
The retailer’s total sales for the quarter were $21.36bn, a 4.4% decline from the same quarter of the previous year.
According to leading data and analytics company GlobalData, the UK Father’s Day market is less than half that of Mother’s Day.
The partnership will consider a full-scale launch based on the reaction to the trial.
Facing a tough year with slow growth and various other challenges, smart retailers are adopting automation to stay ahead.
The company is aiming for simplified processes, lean structures and clear roles.
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