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Wickes plans to open 70 new stores and create 2,000 jobs

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The British home improvement retailer revealed their annual report last week and declared their intention to “accelerate investment”.

They boasted a 5.9% revenue increase to £1.63 billion and a 14.4% rise in adjusted profit before tax to £49.9 million for the year to December 27, 2025.

Chief Executive of Wickes David Wood claims the “strong progress” means the chain is now planning to increase the number of stores from 230 to 300.


UK High Street Shops That No Longer Exist


The additional 70 stores are said to create more than 2,000 new jobs across the UK.

The Office for National Statistics (ONS) stats show UK unemployment reached a five-year high of 5.2% last month so the news will be welcomed by struggling Brits.

Wickes have also reported a 9% increase in membership scheme TradePro’s sales, with membership figures rising from 581,000 to 643,000.

David said: “This has been another year of strong progress against our strategy.

“We’ve achieved volume-driven growth across all three areas of the business, as the strength of our proposition continues to resonate with customers.

“I would like to thank all of my colleagues for their continued hard work and commitment.

“In retail, we achieved record market share with particularly strong sales across timber, tiling, flooring and paint, while TradePro continues to perform strongly, growing to 643,000 active members.

“We’re also pleased with the performance of our design and installation business, which has now recorded five consecutive quarters of ordered sales growth.

“Given the strength of investment returns from our proven store refit and new store rollout strategy, we have today announced the decision to accelerate our investment for future growth.

“This takes our ambition to reach 300 stores nationwide, creating over 2,000 new jobs as we bring Wickes’ distinctive offer to new locations up and down the UK.”





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Why have there been so few Easter egg adverts this year?

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It comes down to new regulations from the government that came into force at the beginning of the year.

This prohibits products high in fat, sugar and salt from appearing in TV ads before 9pm.

The UK advertising industry voluntarily chose to start adhering to the new rules from October, which means that items such as chocolate eggs and hot cross buns can’t be shown before 9pm.

Why are Easter egg adverts now prohibited from appearing before 9pm?

This legislation is in place to tackle rising childhood obesity

The current regulations are based on a nutrient profiling model that was created in the early noughties to assess whether a product is a “junk” food.

In 2018, an updated model was developed, but it was not introduced.

However, on Wednesday (March 25), the government has said that it is likely to adopt the newer model, which would see a far wider range of products deemed to be too high in fat, salt and sugar banned from next year.

This could include Kellogg’s Bran Flakes, Ambrosia rice pudding pots, the Mr Kipling Delicious and Light range and Doritos.

Has the new legislation impacted advertising revenues?

Research conducted for The Guardian found that TV advertising spending by confectionery and snacks brands almost halved year-on-year between October and February.

An analysis covering the vast majority of firms that advertise all the products that fall under the government’s “less healthy foods” regulations shows that overall TV ad spend is down at least 15% year-on-year.

Industry bodies and broadcasters have argued that the ban is more political PR than an effective policy.

A spokesperson for ISBA, the Incorporated Society of British Advertisers, said: “The advertising and marketing of products is one consideration for helping tackle childhood obesity.

“But successive governments have treated bans or restrictions as a silver bullet … legislating on the basis of headlines, not evidence.”

However, health campaigners have said it doesn’t go far enough as brand advertising is allowed as long as adverts do not show an “identifiable” product that breaks the junk food rules.

Fran Bernhardt, of the campaign group Sustain, said: “The policy is riddled with loopholes which allow industry to continue to advertise branding for unhealthy products like Cadbury’s Dairy Milk Caramel or McDonald’s McFlurries.

“Aside from a few tweaks to adverts, this Easter will be much like Easters before.

“Industry will continue more or less as usual.”


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Campaigners also argue that big food companies are compensating for the ban, which also extends to paid online advertising at any time of the day, by upping marketing budgets on other media.

Media agency sources say that outdoor media, such as billboards and poster sites, and radio have benefited from the TV and online ban.

Billboards are only subject to junk food ad bans if they are located within 100 metres of premises such as schools or leisure centres.

Have you seen fewer adverts for Easter eggs this year? Let us know in the comments.





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UK retailer shuts Oxfordshire branch amid administration

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The Original Factory Shop which sells discounted homewares, furniture, electrical goods and toys, shut its store in Carterton yesterday (Saturday, March 28).

On the business’ Facebook page, last-minute discounts were being offered with clothing down to £2 an item.

READ MORE: Store closure fears as UK discount brand in administration

On Thursday, March 26, a spokesperson for the store said: “Everything in store is now up to 85 per cent off as we prepare to close our doors this weekend.

“This is your last chance to grab a bargain – once it’s gone, it’s gone.”

The Original Factory Shop in Carterton (Image: Google Maps)

Following that announcement, prices were subsequently lowered and lowered.

Other branches around the UK also shut yesterday including in Cromer, Gorleston and Bungay in Norfolk and Suffolk with major sales also being implemented at other locations.

This comes after the business fell into administration in January, with further closures also expected imminently in Snettisham, according to The Sun, and around the country.

READ MORE: Geri Halliwell and Christian Horner score planning victory over neighbours

Administrators said The Original Factory Shop’s troubles have been driven by challenging trading conditions, linked to high-cost inflation, fragile consumer confidence and rising labour costs caused by government policies.

Problems were then exacerbated by issues linked to its third-party warehouse and logistics operator, weakening sales further.

It only has one store in Oxfordshire, its Carterton shop, although Claire’s – which is also owned by investment firm Modella Capital and is in administration – has one in the Oxford Westgate shopping centre.





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Hugo Boss speaks out after quitting Westgate in Oxford

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The fashion retailer this month closed down its store in the Oxford city centre shopping centre having opened in October 2017 as part of the £440m revamp.

It was one of the original retailers as part of the shopping centre’s new phase of life, along with John Lewis, Primark and Next.

A spokeswoman from Hugo Boss said: “Hugo Boss optimises its global store portfolio as part of its long-term strategy, which also affects the Boss Oxford Westgate Centre store.

“Hugo Boss will maintain a strong presence in the UK, and we will also continue to serve our customers via our online flagship store at hugoboss.com.”

READ MORE: Red Arrows will break record when it takes to skies over England

The company did not say whether any redundancies had been made from closing the store.

The spokeswoman said: “Wherever possible, we reallocate employees through transfers or other internal opportunities.”

There are indeed other branches not too far, including at Bicester Village, Swindon and Reading.

A spokeswoman for the Westgate said: “We remain committed to making Westgate Oxford a vibrant and varied retail destination for our guests, welcoming exciting new arrivals such as Sephora, The Beefy Boys, and the opening of Lego later this spring, as well as recently upsized stores for Oliver Bonas, Goldsmiths, and Superdrug.

“We look forward to sharing more details about new brands joining the centre soon.”





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