Latest property news – Page 151
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NewsRiver Island takes profit hit to keep prices sharp
River Island pre-tax profits tumbled 25% to £86.9m last year as the fashion retailer absorbed higher costs, rather than pass them on to consumers, and invested in the business.
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Home Depot to close remaining big-box stores in China
US-based home improvement retailer Home Depot is to close its remaining seven big-box stores in China. However, it will keep a new formats team in the country to continue research and development. In addition, the retailer is retaining two recently opened specialist stores in Tianjin – a paint and flooring ...
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Redcoon considers first bricks-and-mortar store
Online electronics retailer Redcoon, owned by Metro controlled Media-Saturn, is considering opening its first bricks-and-mortar store early next year, according to founder Reiner Heckel.Heckel said that consumer electronics and white goods suppliers treat physical store operators as preferred customers when selling products, including newly launched lines, at the expense of ...
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NewsHamleys to open third UK store in Cardiff's St David's
Iconic toys retailer Hamleys is to open its first store in Wales at St David’s in Cardiff.
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NewsFrench Connection plunges into the red as it reveals turnaround initiatives
French Connection plunged in to the red in the six months to July 31 as the retailer revealed the outcome of its strategic review.
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Carrefour to open hypermarket in Armenian capital
Carrefour is to open a 110,000 sq ft hypermarket in the capital, Yerevan, next month.It will be operated by Carrefour’s Middle Eastern franchisee, Majid Al Futtaim Holding, and be in the Tashir Group-owned Dalma Garden Mall, the country’s largest shopping centre.Last September, rival Auchan was reported to be planning large ...
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NewsThe Liberty Centre signs two new retailers
Footwear retailer Office and young fashion chain Republic have taken stores at Romford’s The Liberty Centre.
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NewsHammerson turns up heat on Westfield in Whitgift battle
Property developer Hammerson has turned up the heat on rival Westfield over their competing plans to redevelop Croydon by acquiring a 25% stake in the 155 year headlease of the Whitgift Centre.
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NewsGame ditches Gamestation fascia as it launches new in store initiatives
Game is to ditch its Gamestation fascia as it looks to unify the business and “take the best from both brands”.
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NewsAmazon opens development centre at 'Silicon Roundabout'
Amazon has opened a development centre in East London, in an area home to many tech start-up companies that has been dubbed ‘Silcon Roundabout’.
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NewsRetailers launch pop-ups in bid to maximise Christmas sales
Toys R Us opens first shopping centre shop as part of temporary stores strategy.
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Gap plans to enter Indian market
Gap is conducting market research as part of a plan to open a retail business in India.Details such as how many stores will open and how much Gap may invest are likely to be decided early next year.Gap spokeswoman Edie Kissko said: “India is one of the markets that we ...
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NewsWestfield Stratford City attracts 50 million shoppers over first year
Westfield Stratford City has broken shopper footfall records attracting 47 million visitors since it opened last year and recorded an 8.5 million boost in visitors during the Olympics and Paralympics.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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NewsB&Q reviews store portfolio for the "omnichannel world"
B&Q is reassessing its 360-strong store portfolio to determine what size estate it needs in an “omichannel world”.
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NewsOriginal Factory shop to open Christmas pop-up in shopping centre
Value department store group Original Factory Shop is to open a pop-up store for the Christmas trading period.
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NewsBank launches first pop-up store
Bank, the JD Sports-owned young fashion chain, has opened it’s first pop-up shop at Hammerson-owned Queensgate Shopping Centre in Peterborough.
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NewsWhiteley signs eight new retailers
River Island, Clarks, Mamas & Papas and Schuh are among eight retailers to take space at the new £64m Whiteley Shopping Centre, which is due to open in South Hampshire next spring.
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NewsWestfield submits plans for £1bn Croydon regeneration
Property firm Westfield has submitted an earlier than expected planning application for the £1bn redevelopment of Croydon.
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NewsBritish property industry calls on Government to cut red tape
The British property industry has called on Government to cut red tape and put weight behind planning policy which claims town centres are prioritised.