Latest property news – Page 190
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NewsBurberry to move into Habitat store on Regent Street
Luxury fashion retailer Burberry is to take the store on Regent Street which is currently occupied by Habitat.
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NewsO2 store managers most at risk due to retail restructure
O2 store managers are most at risk by store closures and the management restructure, according to the Communication Workers Union.
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NewsFormer owners buy 12 Suits You stores
Peter Lucas and Arafa Holding, the former owners of collapsed menswear chain Suits You, have acquired 12 of its 66 stores through Baird Group and relaunched them under the Suitdirect fascia.
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NewsDune creates IT platform to back expansion plans
Dune aims to have 250 overseas stores within the next three to four years, up from the 150 shops it had previously planned. 50 will be wholly owned stores and the other 200 will be franchises.
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NewsWolfson attacks planners for holding back economy
Next chief executive Lord Wolfson of Aspley Guise has attacked planners for holding back economic growth.
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NewsHabitat to exit Regent Street store
Habitat is closing its Regent Street store in Central London because it “no longer fits” with the retailer’s strategy.
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NewsScottish Parliament advised by committee to scrap planned levy on large retailers
Retailers are unlikely to have to pay extra tax on larger stores in Scotland after the Local Government and Communities Committee of the Scottish Parliament voted in favour of annulling the proposed Large Retailer Levy.
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Wolverhampton shopping centre plans to be scrapped
Plans to build a £300m shopping centre in Wolverhampton look likely to be scrapped after a report for the council found that the financial risks of investing public money in the scheme are too great.
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NewsFoyles to open first shop outside London in 70 years
Bookseller Foyles is to open its first shop outside London for 70 years, in Bristol’s Cabot Circus.
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NewsLondon, Glasgow and Manchester best for town centre shopping
London, Glasgow, and Manchester offer the best town centre shopping experience, according to research from retail consultancy Verdict.
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NewsScottish Parliament committee raises questions over planned levy on large retailers
The Scottish government is again being urged to reconsider its proposed levy on large retailers, as a report by the Scottish Parliament’s Finance Committee questions how the policy will support town centre retailing.
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NewsRestructuring specialist plots turnaround of HPJ Jewellers
Gordon Brothers understood to be negotiating rents on stores but has administrators on standby
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NewsGoldsmiths launches new fascia in bid to attract younger shoppers
Jewellery giant Aurum is to launch a new fascia under its Goldsmiths brand as it seeks to attract a younger, more fashion-conscious customer.
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NewsAsda to open 22 new phone concessions this year
Asda will open another 22 phone shop concessions this year after a successful trial of two of them in its Manchester Eastlands and Sutton Coldfield superstores.
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NewsTesco's JV with British Land refinances 8-store portfolio
Tesco’s joint venture company with British Land, BLT Properties, has refinanced its superstores portfolio.
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NewsO2 to close 40 stores and invest in remainder
Phone retailer and telecomms firm O2 is to close 40 of its 493 stores this year and instead invest in its best performing shops.
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A third of Woolworths stores still vacant two years after closure
A third of Woolworths’ 800 former stores still lie empty two years after the shutters came down, and experts believe that they are likely to remain vacant because of their locations.
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NewsAsda unloads 39 Netto stores
Asda has sold 39 of the 47 Netto stores it had to dispose of as part of its £778m acquisition of the retailer in summer last year.
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NewsAccessible stores give Blue Inc a festive boost
Fashion specialist Blue Inc, which is considering a flotation, generated a sales uplift over Christmas helped by the accessibility of its stores.
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NewsAsda sells 39 Netto stores as part of OFT disposal deal
Asda has sold 39 out of the 47 Netto stores it had to dispose of as part of its £778m acquisition in summer last year.