Latest property news – Page 157
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News'Son of Woolworths' Wellchester set to close
Wellchester, the retail business that launched in a former Woolworths store after the chain’s demise, is closing down.
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NewsTom Ford set to open first UK store in Knightsbridge
Designer Tom Ford is to launch his first standalone UK store with a shop planned for London’s Knightsbridge.
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NewsSchuh ahead of pack to take Oxford Street store
Footwear retailer Schuh is understood to be the frontrunner to take over Foot Locker’s large Oxford Street store.
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NewsMaplin invests £40m to improve business
New chief executive John Cleland to drive ecommerce and boost store numbers by 50%.
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NewsGio Goi comes off the high street
Fashion retailer Gio Goi has scrapped all its UK stores as a result of tough trading conditions.
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NewsStore closure list: 17 more Clinton Cards closures
Clinton Cards’ administrator Zolfo Cooper is closing another 17 stores by Friday bringing the total number of closures to about 270.
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NewsThe Kooples scales back UK expansion plans
French retailer The Kooples has pulled out of plans to open a store on Savile Row as it slows down its UK expansion plans.
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NewsWestfield to reveal Croydon Whitgift plans next week
Shopping centre developer Westfield will next week reveal its £1bn plans to develop the Whitgift centre in Croydon.
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NewsFlooding hits North East retail
Retailers in the North East are recovering after high winds and heavy flooding attacked stores yesterday.
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NewsData: UK retail regions ranked by spend
London’s West End has been ranked the top centre in the UK to expand into based on potential annual spend from residents, tourists and workers in 2012.
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Delay for Walmart de Mexico (Walmex) store extension
Walmart’s subsidiary Walmart de Mexico (Walmex) revealed that its plans to extend its store network will be delayed by 60 to 90 days.The retailer said: “The revision is primarily due to additional steps the company is adding to its real estate process that extends the average time required to open ...
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NewsMFI’s Favell drafted in at Bathstore
Former MFI chief executive Gary Favell has been hired as the new boss of Bathstore after the big-ticket retailer was bought by investment firm Endless last month.
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Supermarket operator Hero to build Indonesia’s first Ikea store
Supermarket operator Hero will begin building Indonesia’s first Ikea store by the end of the year.A franchise agreement, signed in March, allows Hero to operate Ikea stores from 2014 to 2021 with an option to extend the licence and add more stores later.The first shop will be in Alam Sutera, ...
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Abercrombie & Fitch identifies 180 stores to close
Clothing retailer Abercrombie & Fitch has identified 180 stores to close over the next few years as it seeks to improve margins in US shops.The retailer will instead emphasise international expansion as part of its growth strategy. It will mainly close eponymous stores as well as Abercrombie children’s shops, though ...
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NewsMultichannel retailers only need 60 to 70 stores, says John Lewis boss
Retailers with an online presence will require only 60 to 70 shops in order to gain national coverage by 2020, John Lewis boss Andy Street said today.
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NewsShop vacancy rate drops in May
Shop vacancy rates fell by a marginal 0.1% to 14.5% in May, says research from the Local Data Company.
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NewsNumber of retail chain stores up in first quarter
The number of shop branches held by multiple retailers has continued to rise in the first quarter of 2012 despite the recent spate of administrations, according to a study by CBRE.
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NewsRadley to open first pop-up at Westfield Stratford
Premium handbag and accessories brand Radley will launch its first pop-up shop at Westfield Stratford City on Thursday.
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NewsMarks & Spencer in £1.1m legal row with landlord
Marks & Spencer is fighting the landlord of its Paddington head office for a £1.1m over-payment of rent, according to The Sunday Telegraph.
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NewsBoots backs Portas Pilots
Boots is backing Mary Portas in her quest to turn around Britain’s ailing high streets.