Latest property news – Page 145
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News
Auchan plans to invest in Russian market
French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores ...
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NewsPretty Green eyes Regent Street flagship
Liam Gallagher’s menswear brand, Pretty Green, aims to open a flagship store on London’s Regent Street as part of a wider property review of its stores in the capital.
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NewsThe future of Comet hangs in the balance
Comet’s future hangs in the balance as crunch talks between administrator Deloitte and potential white knight Clive Coombes commence today.
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NewsEnterprise Zone investment to boost innovation at Boots
Larger research and development site will provide extra capacity to realise retailer’s US ambitions.
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News
Electronics specialist Darty to sell Italian business
French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake.Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last fiscal ...
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NewsRetailers cut back to cope with rates rise
Retailers are poised to slash investment and make redundancies if next year’s proposed business rates hike goes ahead.
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NewsJ Crew signs for first UK store
J Crew has signed up for its first UK store, taking Burberry’s former Regent Street site.
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NewsComet: List of stores to close next week
Comet is to close 12 stores on the December 3. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found.
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NewsShop vacancy rates fall to 2012 low
Shop vacancy rates in the UK decreased “significantly” in October to their lowest level in 2012.
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NewsPhase Eight to open first West End store
Womenswear retailer Phase Eight will unveil its first West End store in February showcasing a new store design.
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NewsHope for Comet staff as white knight emerges
Staff at collapsed electricals chain Comet have been given a glimmer of hope as a white knight has emerged willing to take on up to 180 stores.
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NewsPoundworld profits tumble as it invests in stores
Value retailer Poundworld’s pre-tax profit slumped 28% to £2.8m last year as as it invested in new stores and distribution.
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NewsAldi creates new store format for London push
Aldi is to open a string of small stores in “prominent” London locations as it looks to grab a slice of the increasingly competitive market.
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NewsTK Maxx circles 25 Comet stores
Discount fashion outlet TK Maxx has joined the race to secure a package of Comet stores, as administrator Deloitte prepares to close another 14 by the end of the week.
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NewsBidder poised to take 140 Comet stores
A bidder has tabled a bid to take on for 140 stores from collapsed electricals retailer Comet.
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NewsWHSmith poised to open in Russia
WHSmith is to open stores in Russia as part of an international expansion strategy.
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NewsAnalysis: The Entertainer sets it sights on overseas growth
The Entertainer’s prospective move into international markets could be a game-changer for a retailer that has made delivering growth in a difficult category look like child’s play.
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News
Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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News
Discounter Lidl expected to open first stores in Serbia
Schwarz Group-owned discounter Lidl is expected to open its first 15 stores in Serbian cities over the next two years, Serbian trade minister Rasim Ljajic told a local newspaper.He also expects the opening of Serbia’s first Ikea store by the end of next year.The minister said it was important for ...
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News
H&M signs for new store in Hammersmith as centre refurb begins
H&M has signed up for new store at Kings Mall shopping centre in Hammersmith, as the development undergoes a full refurbishment.