Latest property news – Page 183
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NewsGreen understood to be in talks to sell Bhs stores to Primark
Arcadia owner Sir Philip Green is reported to be in early talks to sell off a number of Bhs stores to Primark as part of a group cost cutting exercise.
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NewsSheffield Meadowhall to expand
Property developers London & Stamford and British Land have outlined plans to turn Meadowhall shopping centre, Sheffield, into the UK’s largest out-of-town shopping destination.
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NewsHobbyCraft unveils new branding and store concept
Arts and crafts retailer HobbyCraft has unveiled a new store concept and rebranding to appeal to a younger audience.
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NewsNew Holland & Barrett store highlights beauty
Holland & Barrett has opened its first dedicated natural beauty floor to attract younger customers.
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NewsIn focus: Morrisons
So Morrisons is mulling over a bid for Iceland. Retail Week Knowledge Bank has just updated its profile of the UK’s fourth largest supermarket chain, analysing its performance in the first year under new chief executive Dalton Philips.
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NewsHalfords Autocentres potential impresses
Halfords’ Autocentres business is expected to offer “attractive medium-term earnings benefit” to the car parts and bikes retailer, said analysts that attended an investor trip last week.
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NewsShoe Zone stays positive despite slump in sales
Pre-tax profits dropped from £15.3m to £9.9m at value footwear retailer Shoe Zone Group, while sales fell 3% to £239m in 2010 because of tough trading conditions.
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NewsIceland says private equity cash not needed
Iceland founder and chief executive Malcolm Walker said he does not need funding from a private equity backer to take full control of the frozen food retailer, which is being circled by rivals.
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NewsLocations of Focus stores acquired by Wickes and B&M Bargains revealed
Focus DIY administrators Ernst &Young have revealed the locations of all Focus stores purchased from retailers Wickes and B&M Bargains.
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NewsB&Q reveals locations of Focus stores bought from E&Y
B&Q owner Kingfisher has revealed locations of the 31 stores it acquired from the administrators of Focus DIY after it collapsed earlier this month.
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NewsSuperGroup snaps up iconic Regent Street store from Austin Reed
Austin Reed is to exit its iconic store on London’s Regent Street to make way for trendy fashion retailer of the moment SuperGroup, Retail Week can reveal.
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News120 Focus stores to be closed
UPDATED: The administrators of Focus DIY have confirmed the appointment of restructuring firm Gordon Brothers to advise on the sale of all stock with a view to “closing down the chain”.
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NewsBritish Land to kick start new developments
Property developer British Land is gearing up to start new retail developments for the first time since the recession.
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NewsKing hits back at supermarket critics
Sainsbury’s chief executive Justin King last night hit back at critics who accuse supermarkets of damaging the UK high street, describing their criticisms as “tubthumping”
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NewsB&M Bargains acquires 11 Focus stores
B&M Bargains has acquired 11 Focus stores after the DIY chain collapsed this month.
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NewsMothercare boss warns rents will close more in-town stores
Mothercare boss Ben Gordon has warned mounting pressures on the high street are likely to result in further store closures across the retail sector as he revealed Mothercare is to shed a quarter of its UK stores.
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NewsHollister signs for National Geographic store on Regent Street
Fashion brand Hollister has snapped up the store on Regent Street currently occupied by National Geographic, Retail Week can reveal.
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NewsTK Maxx slows expansion as trading toughens
TJX Europe, the parent company of off-price fashion chain TK Maxx, is slowing its store expansion strategy as its like-for-like sales fell 5% in the first quarter of 2011.
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NewsMothercare to close a quarter of its UK stores as profits slump
Mothercare is to close 110 UK stores and renegotiate rents on a further 40 stores in over the next two years.
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NewsWickes snaps up 13 Focus stores for £8.4m
Wickes has bought 13 Focus DIY stores following the retailer’s collapse into administration earlier this month.