Latest property news – Page 149
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NewsDebenhams international expansion powers ahead with raft of new openings
Debenhams is powering ahead with its international expansion with the opening of its first ever store in Georgia this weekend.
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NewsBurberry group sales up despite slowdown in UK
Luxury fashion retailer Burberry experienced a total underlying sales rise of 8% to £883m in its first half to September 30 despite a slowdown in the UK and China.
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NewsDiscounters bid for JJB stores following collapse
Value retailers are competing to secure the best of JJB’s closed stores after the sports retailer collapsed into administration last week.
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NewsHome Bargains profits surge
Value retailer Home Bargains plans further growth after pre-tax profit rocketed 42% to £84.2m last year.
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H&M opens first store in Thailand
Swedish fashion retailer H&M has opened its first store in Thailand. The shop is in Bangkok at the Siam Paragon mall.The 34,400 sq ft shop stocks H&M’s complete range. The retailer plans to open two more stores in Bangkok. H&M in Thailand is operated by Hthai (Thailand).
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NewsPaperchase opens first airport store as it drives international growth
Paperchase has opened its first airport store as it eyes further channels to expand internationally.
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NewsHelp for Heroes sells branded product in its first store
Charity Help for Heroes has opened its first store in St David’s shopping centre, Cardiff where it will sell branded merchandise.
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NewsM&S boss Marc Bolland urges Government to give more support to high streets
Marks & Spencer chief executive Marc Bolland has said high streets need more Government support if they are to survive.
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NewsRetail insolvencies rise 9% in past year
Retail insolvencies jumped 9% over the past year according to PwC.
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NewsJJB Sports landlords set to lose more than £40m a year
Landlords of the JJB Sports stores closed as a result of the administration could lose £37.5m in rent and £5m a year in services.
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Staples unveils plans to accelerate growth
Staples has unveiled plans to serve customers better and accelerate growth. The retailer will expand beyond office supplies and improve its multichannel provision by merging its US Retail and Staples.com divisions.Staples plans to close 30 stores and downsize 30, a reduction in square footage in North America of 15%, by ...
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NewsB&M Bargains seeks partner for expansion into Europe
Variety store group B&M Bargains is on the hunt for a European partner as it plans to open on the continent following stellar growth in the UK.
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NewsPoundland's new distribution centre to service European growth plans
Variety retailer Poundland plans to use its new 200,000 sq ft distribution centre to service Europe when the single-price retailer opens stores on the continent.
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NewsUnited Carpets bought in pre-pack administration deal
A parcel of 73 United Carpets stores have been bought out of pre-pack administration.
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NewsBoux Avenue triggers Scottish expansion with first out-of-town store
Lingerie retailer Boux Avenue is to open its first out-of-town store in Scotland’s Silverburn shopping centre.
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NewsApple opens at The Glades in Bromley
Apple is among a number of retailers to have signed or upsized at Bromley shopping centre The Glades.
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NewsTed Baker posts first-half profits rise
Ted Baker has delivered a 10.4% profit before tax increase to £9.4m for the 28 weeks to August 11 as it opened stores in London, New York and Tokyo.
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News‘New chapter’ for Tesco pledges bullish Philip Clarke
Tesco group chief executive Philip Clarke aims to rewrite Sir Terry Leahy’s retail book as he opens a “new chapter” in the grocer’s story.
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Matahari to divest non-core assets
Matahari has won approval from shareholders for plans to divest non-core assets worth IDR3.2tn (£207m) to create a more efficient capital structure.The retailer will offload non-core assets, such as Timezone, Times Bookstores, its restaurant and property businesses, by selling its wholly owned subsidiaries PT Matahari Pacific and PT Nadya Putra ...
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Leclerc latest store to feature new logo
Leclerc is to open a hypermarket in Le Breuil next week that will feature a new logo. Leclerc will be written in lowercase and the logo will be on a white background instead of blue.The retailer’s new look won’t come into effect in other stores until November 1.