Latest property news – Page 166
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News
Ikea plans first Croatian store
Home furnishings retailer Ikea plans to open its first store in Croatia at the end of 2013, the Croatian Times reported.Following a meeting with company officials, the Swedish ambassador to Croatia, Fredrik Vahlquist, said long-term plans included the opening of two more stores in Rijeka and in the Dalmatian city ...
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NewsSainsbury’s confident that big stores have future as sales rise
Sainsbury’s boss Justin King has affirmed confidence in his big-box stores after Morrisons chief Dalton Philips warned that grocers’ giant sheds would become “a blip in the history of retail” as online grows.
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NewsComet earmarks 60 shops for closure
Comet has earmarked 61 stores for closure as it seeks to slash costs in a tough electricals market.
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News
H&M to open Cos store in Warsaw
Clothing retailer H&M has revealed it will open a Cos store in Warsaw, Poland, this summer.It will be in the Mysia 3 development near the central Wolf Bracka district. Trading from two floors and 5,382 sq ft, it will carry the full collection – women’s, men’s and childrenswear.There are 46 ...
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News
Hard discounter BIM to enter Egypt
Hard discounter BIM says it will enter Egypt in the first half of 2013. Investments are planned to reach TRY25m (£8.7m) by 2014, according to Today’s Zaman. Algeria would also be of interest, the retailer said.During 2011, BIM’s net sales for the full year climbed 24.6% to TRY8.19bn (£ 2.8bn) ...
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NewsPoundland acquires eight Peacocks stores
Single price point retailer Poundland has confirmed it has acquired eight former Peacocks shops and is in discussions to take on more.
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NewsDFS to open first high street store on Tottenham Court Road
Sofas giant DFS makes first high street foray as it takes over Next Home’s landmark premises.
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NewsPoundstretcher: Taking advantage of gap left by Woolworths?
Has the value retailer made the right moves to take advantage of the gap left by Woolworths?
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NewsCarpetright to refresh store estate by 2014
Carpetright is to revamp its entire estate and remains committed to the high street as it looks for further expansion opportunities.
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NewsTJ Hughes stores drive planned by new owner
TJ Hughes owner Lewis Retail is in talks to open 11 stores over the next two years following its acquisition of the department store retailer out of administration last year.
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NewsPeacocks plans online launch for 2013
Peacocks is to launch an online offer in the next 15 months under its new owners Edinburgh Woollen Mill.
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NewsFrench Connection reviews pricing to revive retail arm
Fashion retailer French Connection is assessing its price architecture, which could result in lower prices so it can better compete with cheaper online rivals.
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NewsMore action needed on high street, says Marks
More needs to be done to ensure high streets across the UK continue to thrive, Co-operative chief executive Peter Marks said at The Cloud Retail Week conference today.
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NewsFocus on 20% of core customers, advises Mayfield
The retail market is changing in a “fundamental and profound way” according to John Lewis chairman Charlie Mayfield, and retailers will need to change the way they make money in the coming years and focus heavily on the most profitable 20% of customers.
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NewsJeweller Azendi falls into administration
Jewellery firm Azendi has fallen into administration.
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News
Gap opens its first store in Panama
Fashion retailer Gap has opened its first stores in Panama and plans to expand into Colombia, Uruguay and Peru as it increases its presence in Latin America over the next two years.The retailer opened one Gap store and a Banana Republic shop in Panama City, marking its first locations in ...
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NewsOffice: Strong Christmas sales and expansion plans
The footwear retailer had strong Christmas sales and plans further expansion
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NewsIceland buys Peacocks stores as value retailers size up the estate
Iceland has bought seven former Peacocks stores from the value fashion retailer’s administrator KPMG.
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NewsWhittard to expand after good Christmas
Tea and coffee specialist Whittard of Chelsea is to embark on an expansion drive at home and overseas following a strong Christmas performance.
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NewsTrinity Leeds shopping centre scheme attracts more retailers
Land Securities has signed more retailers to its Trinity Leeds scheme, where Primark has upscaled to a larger store.