Latest property news – Page 15
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NewsHouse of Fraser fury over Oxford Street closure
House of Fraser owner Frasers Group has reacted angrily after its flagship Oxford Street store was served notice to quit the premises.
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NewsAmazon eyes hundreds of UK c-stores to rival Tesco, Sainsbury’s and Co-op
Amazon has thrown down the gauntlet to Tesco, Sainsbury’s and the Co-op with aggressive plans to launch 260 convenience stores across the UK.
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NewsHouse of Fraser flagship on Oxford Street to be converted to offices
The famous House of Fraser store on London’s Oxford Street is to become an office-led, mixed-use premises.
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NewsWHSmith to trial Amazon’s Just Walk Out tech as its focuses on international expansion
WHSmith will open its first checkout-free store by the end of the year at an airport in a major US city using Amazon’s Just Walk Out technology.
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NewsWHSmith losses narrow as retailer forecasts return to profitability in 2022
WHSmith has reported narrowing losses and forecasts a return to profitability next year as improving travel trends drove a sales recovery.
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NewsSunak unveils £7bn reduction in business rates but refuses to scrap system
Chancellor Rishi Sunak has unveiled a raft of measures to reduce business rates but stopped short of fundamentally overhauling the system.
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NewsUK could run out of warehouse space within a year, experts warn
The UK could run out of warehouse space within a year after the surge in online shopping and supply chain disruption during the Covid-19 pandemic sparked a boom in demand.
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NewsHammerson to end rent support for retailers as footfall returns
Shopping centre operator Hammerson has said it will focus on collecting rent arrears from tenants now that footfall has picked up.
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NewsSelfridges’ owners in talks with Qatar about potential £4bn sale
Selfridges’ owners the Weston family are reportedly in talks with Qatar about a potential takeover of the iconic department store chain.
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NewsTesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
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NewsNearly 50 high street stores shuttered per day in 2021
Over 8,700 chain stores have closed their doors across British shopping locations in the first half of this year.
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NewsSuper shed numbers surge across UK as online boom sparks expansion
The shift to online shopping during lockdown has driven an explosion in demand for warehouse space, with 15 million sq ft of ‘super sheds’ built across the UK in 2020.
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NewsDepartment store numbers plunge 83% since collapse of BHS
More than 80% of the UK’s department stores have been lost since the demise of BHS and many former branches still lie empty.
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NewsMarks & Spencer profits to beat expectations following strong trading
Marks & Spencer expects full-year earnings to be better than anticipated after strong trading as its transformation plan bore fruit.
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NewsExclusive: Boxpark founder pledges to step in to save Croydon redevelopment
Boxpark founder Roger Wade has expressed interest in forming a consortium to save the redevelopment of Croydon after Westfield and Hammerson walked away from the town centre.
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NewsCouncil left scrambling as landlords walk away from Croydon Westfield dream
Local authority plans to regenerate Croydon have been thrown into chaos after Unibail-Rodamco-Westfield and Hammerson walked away from the Centrale & Whitgift Centre.
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NewsMcColl’s considers fresh equity raise to drive Morrisons c-store expansion
Convenience chain and Morrisons wholesale partner McColl’s is exploring an equity raise to drive the expansion of its Morrisons Daily store format.
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NewsData: ‘Pingdemic’ hits footfall after short-lived ‘freedom day’ boost
Footfall over the month of July was down compared with June due to changeable weather conditions and an increase in the number of people being told to self-isolate.
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NewsShopfloor staff omitted from government’s daily Covid testing scheme
Retail store staff have not been included in the government’s list of key workers who will become exempt from coronavirus self-isolation rules.
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NewsThe Works emerges stronger after ‘intensely challenging year’
Arts and crafts specialist The Works has reported that it is well positioned for the future after navigating the challenges of the pandemic.