Variety discounter Poundstretcher has had its proposed CVA approved by creditors, according to Nam News. Rent reductions The new agreement means; The leases on 94 stores will remain at their current rates Rents will be reduced between 30% and 40% for 84 stores, for a period of three years Rents will be paid in full for a period of six weeks for 253 stores Potential store cl...

Leading UK food-to-go retailer, Pret, has announced that 30 sites will close permanently as part of a restructure to cope with the impact of COVID-19.  The closures represent just over 7% of Pret’s 410-strong estate. Two-thirds of the closures will be outside London, including sites in Glasgow, Reading, Cardiff, Edinburgh, Nottingham and Sheffield.  It will also start a consultation to reduce hea...

Variety discount retailer B&M’s Q1 results (29 th March 2020 to 27 th June 2020) show continued strong growth in the first quarter of the financial year and particularly its UK banner. Its value-led model and convenient out of town locations continue to prove to be attractive to customers. Revenue growth across all banners expect Babou Group revenue +27.7% to £1,154.8m (2019: £904.6m) ...