Latest property news – Page 143
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NewsH&M's new brand & Other Stories to launch on Regent Street
H&M is to launch its first global stores for new brand & Other Stories this spring, which will include a flagship on London’s Regent Street.
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7-Eleven purchases 143 sites in Texas
Seven & I-owned 7-Eleven has purchased 143 sites in Texas. The acquisition includes Speedy Stop and Tigermarket convenience stores owned by local operator CL Thomas.The deal also increases 7-Eleven’s fuel wholesale delivery business, because the purchase included petrol distribution to approximately 150 dealer-operated sites.
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German retailer Schwarz Group outlines plans for Bulgaria
German retailer Schwarz Group has outlined plans for Bulgaria. The hypermarket and superstore business plans to open just two to three new locations in calendar 2013, in addition to the imminent launch of a store in Sandanski, near the Greek and Macedonian borders.Schwarz Group operates 63 Lidl discount stores and ...
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NewsJigsaw back in the black as it prepares for Middle East launch
Fashion chain Jigsaw is back in the black as it prepares for its launch in the Middle East.
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NewsLakeland to expand in Europe as it invests £10m in warehouse facility
Quirky cookware brand Lakeland is investing £10m in extending its distribution centre as it prepares for overseas expansion in Europe and the Middle East.
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NewsChinese retailers eye London stores
Chinese retailers are targeting London to open stores this year, as the capital remains a top shopping destination despite the difficult economic outlook.
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NewsA quarter of UK shoppers use stores as showroom
A quarter of UK shoppers visited a store to see products before using their mobile phone to compare prices elsewhere in the run up to Christmas.
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NewsRetail administrations jump 6% in 2012
The number of retailers falling into administration jumped 6% year on year in 2012, according to accountancy firm Deloitte which predicts further distress for the sector in the year ahead.
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NewsRetailers brace themselves for another tough year in 2013
Next year looks set to be as tough as 2012 for retailers, with “shaky consumer confidence” likely to continue into 2013.
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NewsSelfridges buys £130m office block
Selfridges has acquired an office block near to its flagship store in Oxford Street for £130m, suggesting the retailer will expand its presence in the area.
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Sephora plans South American store openings
LVMH-owned beauty chain Sephora plans to open 50 stores in South America in the next four years.The retailer, which entered Brazil in 2010 with the acquisition of beauty etailer Sack’s, opened two stores in São Paulo this summer.
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Costco reveals opening plans for 2013
Warehouse club operator Costco has revealed its opening plans for the remainder of the 2013 financial year.In the first quarter, which ended on November 25, Costco added nine clubs - eight in the US and one in Canada - bringing its total to 617, including 443 in the US.By the ...
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NewsPeacocks plans overseas growth as revival rolls on
Peacocks is to re-enter the Middle East and launch in Germany next year.
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Electricals chain Reliance Digital aims to ramp up store count
Consumer electricals chain Reliance Digital is aiming to ramp up its store count from 104 to 500 by March 2014.To strengthen back-end operations, the company plans to up its warehouse count from 21 nationwide to one in every state.
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Inditex posts net sales increase
Fashion retailer Inditex has posted a net sales rise of 17% to E11.36bn (£9.23bn) for the nine months ended October 31.The addition of stores in emerging markets and the expansion of the online business boosted sales.Group net profit rose 27% to E1.66bn (£1.35bn), aided by new stores. The retailer opened ...
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Walmart reportedly in talks with Migros Ticaret
Walmart is reportedly interested in entering Turkey through a majority stake in leading retailer Migros Ticaret.Walmart has not submitted a formal bid, but has reportedly held meetings with the private equity-backed retailer in recent days. A deal would value the business at more than $4bn (£2.47bn), including debt.Migros Ticaret has ...
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NewsAll Comet stores to close today as losses hit £230m and Vince Cable steps in
Collapsed electricals firm Comet will close its remaining stores today as administrator Deloitte revealed that its unsecured creditors are owed £232.9m and Business Secretary Vince Cable launches an investigation.
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NewsGovernment opens first pop-up shop to help boost high streets
The Government has opened its first ever pop-up shop in Whitehall today as part of its bid to help revitalise high streets.
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NewsRiver Island to open its largest London store at Park House
River Island is to open its largest London store at Park House, the new development on Oxford Street.
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NewsLondon's West End set for £25m investment
London’s West End has secured £25m investment over the next five years, after retailers voted to keep the New West End Company managing the area.