Latest property news – Page 147
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NewsMaplin to open travel stores next year
Electricals specialist Maplin is to open travel stores next year as the battle for spend in the lucrative captive market hots up.
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NewsBoots ranked as number one shopping centre tenant
Boots has been ranked as the “leading” shopping centre tenant in a new report based on numbers of stores in quality schemes.
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NewsFoyles opens pop-up store at Central Saint Martins College
Foyles has opened a pop-up shop at Central Saint Martins College in London.
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NewsJJB collapsed with £150m of debt as old stores draw little interest
JJB Sports collapsed with £150m debts, it is revealed, as its former stores attract little interest.
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NewsMultiples’ store numbers up after dip
The number of UK shops operated by multiple retailers grew in the third quarter after dipping in the first half.
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NewsHobbs targets offices with pop-up shops
Premium fashion retailer Hobbs wants to install pop-up shops in offices to make it more convenient for its core customers to shop.
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NewsShoe Zone staff slam management over store closures
Staff at Shoe Zone-owned footwear chain Stead & Simpson have lambasted management for shutting shops “by stealth”.
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NewsVictoria’s Secret to open in Leeds and Manchester
US lingerie giant Victoria’s Secret is to open its first UK stores outside London in Leeds and Manchester next year.
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NewsToys R Us UK profits halve as it opens stores
Profits at big-box toy retailer Toys R Us almost halved last year.
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Carrefour to sell Malaysian operations to Aeon
Carrefour is selling its operations in Malaysia to Japanese retailer Aeon for E250m (£200.8m).Carrefour is the fourth-largest retailer in the country, with 26 hypermarkets and a turnover of E400m (£321.3m) for the year to June 30.According to Carrefour, the disposal reflects its strategy of “allocating resources to mature countries where ...
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NewsGovernment pressured over business rates revaluation
Retail and property leaders are today calling on the Government to reconsider its decision to revalue business rates two years later than planned.
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NewsH&M demands tough lease terms
Swedish fashion retailer H&M is understood to have drawn up a list of tough demands on UK landlords which has sent ripples through the retail property sector.
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NewsComet owner OpCapita among its creditors
Comet owner OpCapita will be among the first in line for an estimated £60m that could be recovered from the collapsed electricals retailer which entered administration last week.
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NewsDeloitte 'urgently' seeks Comet buyer
Comet stores are to continue to trade for the time being and staff will be paid, administrator Deloitte has said.
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NewsWestfield Stratford City generates £900m of retail sales in first year
Westfield Stratford City generated £896m of retail sales in its first year with 47 million visitors entering the shopping centre.
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NewsUK sales surge at Ikea as £30m investment pays off
Ikea has outperformed the tough big-ticket market to post a 6.3% rise in sales as well as market share gains as the furniture giant revamps its estate to introduce in-store theatre.
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H&M opens first shop in Latin America
Swedish fashion retailer H&M has opened its first shop in Latin America in Mexico, at Centro Santa Fe mall.The 45,000 sq ft flagship is the first H&M store to have a Quality Lab. The lab will feature extensive product testing, such as washing and safety, which will be carried out ...
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NewsMary Portas backs call to freeze business rates
High street campaigner Mary Portas has lent her support to the Fair Rates for Retail campaign calling for a freeze in business rates next year.
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NewsThe Fragrance Shop plans larger stores for browsing customer
The Fragrance Shop is to opening larger, open format self-selection stores in high-footfall locations to cater for customers who want to browse product before buying.
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Walmart plans to open 100 more stores in China
Walmart plans to open 100 more stores in China, creating 18,000 jobs, in the next three years.The retailer said the new stores will primarily be Walmart Supercenters and Sam’s Clubs. Walmart also intends to focus on improving the performance of stores and supply chain efficiency.