Latest property news – Page 162
-
NewsLease lengths extended as London battles for prime retail space
Average lease lengths in London jumped last year as retailers battled for prime space, agreeing to longer leases to secure quality sites.
-
NewsUniqlo set to return to profit in 2013 despite widening losses
Uniqlo aims to return to profitability next year after posting widening losses in the year to August 31, 2011.
-
NewsRobert Dyas denies R Capital is among potential buyers
Hardware and homewares retailer Robert Dyas has denied reports that Little Chef owner R Capital is among potential buyers for the business.
-
NewsAllied Carpets bought in pre-pack administration deal
Allied Carpets has been bought in a pre-pack administration deal by a company associated with Floors-2-Go.
-
NewsUniqlo on expansion trail despite widening losses
Japanese fashion retailer Uniqlo has posted widening losses of £9.7m from £739,387 in the previous year but still plans to invest “significantly” in growing the brand in the UK.
-
NewsRobert Dyas eyed by Little Chef owner R Capital
R Capital, owner of Little Chef, is thought to be in the running to buy hardware and homewares chain Robert Dyas.
-
NewsLandlords slam "underhand practice” of pre-pack administrations
Landlords have slammed the “growing underhand practice” of insolvency practices such as pre-pack administrations that they say siphons “tens of millions of pounds out of pensioners’ savings into the pockets of private investors profiting from retail failure”.
-
NewsMorrisons opens M Local format in petrol station
Morrisons is to open its first M Local in a petrol station as competition to expand convenience stores in the sector mounts.
-
NewsAnn Summers takes next step in rebrand
Lingerie and sex toys retailer Ann Summers is to roll out its new store format in the autumn as its rebrand gathers pace.
-
NewsUniqlo searches for London flagship
Japanese clothing retailer Uniqlo is scouting for a global flagship in London to rival its Fifth Avenue landmark store in New York as part of its owner’s ambitions to become the world’s largest clothing retailer.
-
NewsShopping centre offers rent free units to combat empty shops
A Wiltshire shopping centre is offering budding retailers the chance to lease a shop rent free in a bid to combat rising vacancy rates.
-
NewsAquascutum's Corby plant to close, 115 jobs axed
Aquascutum’s Corby manufacturing plant is being forcefully closed, making 115 staff redundant “with immediate effect”.
-
NewsEllie Louise acquired out of administration
Ellie Louise has been bought out of administration by Liric Limited.
-
NewsDebenhams first half pretax profit exceeds expecations
Debenhams first half pretax profit has exceeded expectations, increasing 1.4% to £127.1m as its strategy to push international and multichannel drove growth.
-
NewsWHSmith records 3% profit rise as like-for-likes slip
WHSmith recorded a 3% rise in trading profits to £74m but like-for-like sales fell 5%.
-
NewsFirst round bids for Aquascutum due next week
First-round bids for collapsed luxury fashion brand Aquascutum are expected towards the end of next week, Retail Week has learned.
-
NewsMothercare’s Calver to drive online growth
Struggling maternity retailer Mothercare is relying on its new boss, former Amazon executive Simon Calver, to turn around its ailing online business as it seeks to emulate the etail giant in the face of
falling sales. -
News
JD Sports on the hunt for more acquisitions
JD Sports Fashion is eyeing further acquisitions to fuel expansion despite its Blacks purchase hitting full-year profits.
-
NewsLiberty moves into Westfield to cash in on Olympic footfall
Famous department store Liberty is to open a pop-up shop in Westfield Stratford in May in an effort to capitalise on footfall driven by the Olympics.
-
NewsWest End spend set to hit £10bn by 2020
The West End is forecasted to attract more than £10bn of spending each year by 2020 but only if overcrowding and congestion are tackled, according to a report by New West End Company.