Latest property news – Page 148
-
NewsAdministration looms for Comet
Electricals retailer Comet is likely to file an intention to appoint an administrator as early as tomorrow (Thursday), putting 7,000 jobs at risk, Retail Week can reveal.
-
News
Inditex plans 50 to 60 Russian store openings
Spanish clothing retailer Inditex aims to open 50 to 60 stores a year in Russia.The shops will open in major cities, with the first scheduled for 2013 in Vladivostok, in the Russian Far East.Inditex operates 274 stores in Russia at present – 58 under the Zara banner and the remainder ...
-
NewsHomebase focuses on store refits as it plans to close 40 stores
DIY retailer Homebase has shelved its expansion strategy to focus on store refits after outlining plans to shed 12% of its store base in the next five years as its multichannel sales grow.
-
News
Business rates dubbed the 'retail poll tax'
The chair of the All Party Parliamentary Retail Group has dubbed business rates the “retail equivalent of the poll tax”.
-
NewsMaplin secures £20m credit facility to fund expansion
Maplin has secured £20m of credit to fund its expansion plans for 100 new stores and an enhanced online retail offer.
-
NewsRates revaluation delay to be subject of Westminster Hall adjournment debate
Rochdale MP Simon Danczuk is to lead a Westminster Hall adjournment debate in Parliament today when he will attack the Government’s proposal to delay next year’s business rates revaluation.
-
NewsTaskforce created to tackle ailing high streets
Senior representatives from retail, banking, property and local government have come together to create a new taskforce that has been set up following recommendations made in the Portas Review to revive high streets.
-
NewsAnalysis: Expansion for Home Bargains
TJ Morris, which trades as Home Bargains, is making strides in the value sector.
-
NewsGerry Weber aims to double UK stores
German womenswear brand Gerry Weber is to more than double the number of its UK stores next year as it eyes market town locations.
-
NewsDebenhams to anchor Southside Shopping centre
Debenhams is set to open a new store to anchor the Southside Shopping Centre, which is to undergo a £40m redevelopment.
-
News
Grocer Kroger reveals future growth streams
Grocer Kroger has revealed it intends to pursue several future growth streams, including new store expansion – adding stores in both existing markets as well as entering new territories. It also plans to test new formats and enhance its multichannel capabilities. While most growth will be organic, the retailer has ...
-
NewsTown Teams to receive extra Government support
More than 300 towns that were not selected as Portas Pilots are to receive funding and support from the Government.
-
NewsArgos to step up store closures
Argos is set to step up its store closure programme as it completes its strategic review.
-
NewsNew JD format Pro to fill gap left by JJB collapse
Retailer to open JD Pro fascia in the City to appeal to wealthy sports enthusiasts.
-
NewsAnalysis: Hobbs set for international expansion
The retailer is launching international websites as a precursor to physical overseas expansion.
-
NewsGovernment postpones business rates revaluation to 2017
The Government has been accused of delivering a “further blow to the country’s struggling high streets” by postponing the revaluation of business rates from 2015 to 2017.
-
NewsWestfield sells Bradford shopping centre site to Meyer Berman
Shopping centre developer Westfield has sold its controversial stalled Bradford scheme to European fund manager Meyer Bergman, it is understood.
-
News
Migros Zürich to takeover German grocer Tegut
Migros Zürich, a co-operative of Swiss retailer Migros, is to complete a takeover of German grocer Tegut by January 2013.Tegut operates about 290 outlets in Germany. In 2011 it generated sales of e1.17bn (£944m). Migros Zürich said the takeover will strengthen its business.
-
NewsB&Q sublets store to Asda as part of multichannel overhaul
DIY giant B&Q is set to launch a series of multichannel initiatives next year including kiosks and an overhauled website as it sublets store space for the first time to Asda as part of its plan to reduce its footprint as multichannel sales grow.
-
NewsWHSmith launches new formats as it grows travel division
WHSmith is trialling new travel store formats, including a kids’ toy and book store, to optimise its use of store space.