B&M

• It now has around 400 stores, but it has also become the latest high street shop to face serious financial troubles.
• It reported losses over the last four years, and closed 15 stores last year after attempts to restructure the business.
• More changes to its business will now be needed, including further store closures and job losses as the company files for administration.
• Combined with the continued growth of internet companies such as Amazon, this competition has left Wilko without a unique selling point.

Retail headwinds

• The coronavirus pandemic certainly did not help the retail sector, but some businesses were more adversely affected than others.
• Government financial assistance, which included business rates relief, tax holidays, and restrictions on landlord’s ability to call rents, provided some temporary relief.
• But once this assistance ended, Wilko was exposed to the post-pandemic world, which has seen its fair share of retail casualties since the start of the pandemic.

Rethinking the future

• Wilko undoubtedly faces a dire situation, but unlike recent retail failures, it does have a future – it could just be in a different form.
• In other cases, the struggling company might reinvent itself, although this requires extensive restructuring, and may only prolong the misery.
• But it could also lead to new initiatives such as developing its online presence further and expanding its delivery options.

• In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.
• By providing 1.25 million servings of produce to those who are in need, we are making it easier for families to eat healthy, nourishing foods.
• Each year, we donate 2.5 million pounds of produce and corporate donors like B&G Foods help us give even more to those in need.
• AGAR is celebrating 20 years of service to those in need in 2022 and has donated more than 17 million pounds, or 68 million servings, of fresh produce since its beginning.

• B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.19 per share of common stock.
• This is the 73rd consecutive quarterly dividend declared by the Board of Directors since B&G Foods initial public offering in October 2004.
• Although the Board of Directors has reduced the dividend rate under the Companys dividend policy, the Board of Directors has reaffirmed the policy itself.
• Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

• B&G Foods, Inc. (NYSE: BGS) announced that effective today it has hired Andrew Vogel as Executive Vice President and President of Meals.
• As a member of B&G Foods executive leadership team, Mr. Vogel will report directly to Casey Keller, President and Chief Executive Officer.
• Mr. Vogel joins Jordan Greenberg, Executive Vice President and President of Spices & Flavor Solutions, Ellen Schum, Executive Vice President and President of Specialty, and Kristen Thompson, Senior Vice President and President of Frozen & Vegetables, as one of B&G Foods four business unit presidents.
• Commenting on Mr. Vogels hire, Mr. Keller stated, We are very pleased that Andrew has joined the B&G Foods team.