Latest property news – Page 170
-
NewsAmazon considers first physical store
Amazon is to open its first physical shop as it looks to showcase its Kindle.
-
NewsVacancy rates show sharp north-south divide
Shop vacancy rates have stabilised at 14.3% during the second half of last year, although the latest figures show a sharp north-south divide.
-
NewsGA appointed to manage Bonmarché store closures
Retail restructuring specialist GA Europe is working with Bonmarché’s new owner Sun European to manage the 165 stores marked for closure.
-
NewsAsda property chief leaves following shake-up
Asda’s property boss Steve Masters is leaving the grocer following an overhaul of its property and retail development.
-
NewsGeneral retail flat as food groups suffer
General retailers trod water over the week in a flat market, but food groups underperformed as investors continued to fret about supermarket prospects and Kantar data showed the grocery market growing below the rate of food price inflation.
-
NewsHeathrow Terminal 2 retail tender takes off
Bosses of retailers including Harrods, Hamleys and Hugo Boss attended the launch of the tender process for the revamped retail offer at Heathrow Terminal 2 last week.
-
NewsHigh street crisis ‘irreversible’, Wrigley warns
The former boss of New Look, Phil Wrigley, has sounded the death knell of the traditional high street, and described Mary Portas’s review as the “right diagnosis, wrong prescription”.
-
News
Carrefour franchise partner to open new stores
Carrefour’s franchise partner Majid Al Futtaim plans to open 15 Carrefour hypermarkets and 30 supermarkets this year. Majid Al Futtaim chief executive Iyad Malas said: “We will complete the construction of two malls (Fujairah City Centre and Beirut City Centre) and expect to start construction in Cairo at our Mall ...
-
NewsGame to offload overseas operations
Entertainment group Game aims to offload overseas businesses as it seeks to stem widening losses in the face of a punishing games market.
-
NewsMorrisons receives £40m payment to take on Best Buy stores
Morrisons is to be paid £40m to take on the 10 empty Best Buy stores it is converting to Kiddicare.
-
NewsPast Times buyer unlikely
Collapsed gift retailer Past Times is unlikely to be salvaged out of administration as KPMG embarks on a store closure strategy, it is understood.
-
NewsDeadline for Peacocks bids looms as other retailers target the stores
Private equity firms including Permira and Cinven are understood to have ruled out buying Peacocks, while other investment firms and retailers eye its stores.
-
News
Abercrombie & Fitch considers India expansion
Abercrombie & Fitch staff have visited India as it considers setting up shop in the country. An Abercrombie & Fitch spokesperson said: “We are constantly evaluating new opportunities for our brands, including new countries, for expansion.”Gap is also said to have stepped interest into the market after the government allowed ...
-
NewsSuperGroup eyes efficiency savings with new warehouse
SuperGroup is to move to a new distribution centre which is set to make its operation more efficient.
-
NewsEdinburgh Woollen Mill plans 150 new stores as it eyes Peacocks property
Edinburgh Woollen Mill is to open 150 high street and mall stores this year, as well as more than 100 across the rest of the group that includes Jane Norman.
-
NewsGlasgow Buchanan Street 91% let as Fat Face and Skechers sign up
Retailers including Watches of Switzerland, Skechers and Fat Face have signed up to Land Securities’ Glasgow Buchanan Street development, which is now 90.7%pre-let.
-
NewsDecathlon eyes up Best Buy stores
French sportswear retailer Decathlon is reportedly looking to take over several of the Best Buy stores as it plots to open 100 UK stores.
-
NewsTesco considers closing Home Plus stores
Tesco is set to exit its standalone furnishing stores after poor sales led it to review its estate.
-
NewsHawkins Bazaar bought by former owner Primary Capital
Hawkins Bazaar has been bought out of administration by its former owner Primary Capital, it is understood.
-
NewsAsda to invest £500m in stores and supply chain
Asda will invest £500m this year in new stores and its supply chain.