Latest property news – Page 204
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NewsShop vacancies on the rise
Shop vacancies rose in the three months to January 31, with more than one in ten shops on the high street lying empty.
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NewsVero Moda and Jack & Jones to open on Oxford Street
Danish fashion chains Jack & Jones and Vero Moda will open a new dual fascia shop on Oxford Street.
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News99p Stores to build stores empire as it targets turnover of £1bn
99p Stores is gunning to open more than 200 stores by 2014, taking its store count to 350, and is targeting turnover of £1bn by 2016.
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Heal’s in talks to shutter ailing Manchester store
Upmarket furniture retailer Heal’s is in negotiations with the landlord of its Manchester store to exit the site, after disappointing sales and a decision to focus more on its online arm.
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Hotel Chocolat outlines growth plan
Hotel Chocolat is to open between 10 and 15 stores this year, after reporting a strong start to the year with like-for-like sales up 14% in January.
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Prudential renews monthly rents offer
Prupim, the property investment arm of Prudential, has extended its offer to most UK retailers to pay monthly rather than quarterly rent payments on its existing leases.
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RWC2010: Focus chief Bill Grimsey defends CVAs
Focus chief executive Bill Grimsey has defended Company Voluntary Arrangements in a presentation at the Retail Week Conference.
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RWC2010: Retailers call for landlords to contribute to BIDs
Retailers have called for landlords to contribute to Business Improvement Districts, a key plank of Retail Week manifesto for the High Street.
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NewsLiberty considers freehold sale of iconic flagship store
Liberty has confirmed that investors are circling the luxury department store’s iconic Tudor-style building to lease it back to the company.
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NewsBRC urges Budget public spending cuts
The Government should cut public spending rather than increase taxes in its next Budget, the British Retail Consortium has urged.
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NewsGame to close 43 outlets
Video game retailer Game is to shut 18 stores and all its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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NewsTesco fires up Dobbies
Tesco-owned garden centre chain Dobbies is to unveil a new model store next week as part of ambitious plans to quadruple its number of shops to 100 over the next 10 years.
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NewsSuits You confident of profit breakthrough after CVA rescue
Speciality Retail Group chairman Peter Lucas has vowed that the struggling menswear retailer will make a profit in the year to January 2011, after it was rescued from administration by a company voluntary arrangement on Tuesday.
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NewsDwell guns for growth in tenants’ market
Mid-market furniture retailer Dwell has laid out plans to reach up to 60 stores and 20 concessions in the next five years.
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Tile Depot gears up for expansion with team rejig
Tile specialist Tile Depot has revealed expansion plans as it reshuffles its management team.
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NewsSuits You CVA succeeds
Suits You, the menswear retailer owned by Speciality Retail Group, has won backing for its Company Voluntary Arrangement.
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NewsGrocers hit out at Tory planning proposals
Grocers have hit out at Tory plans to give more power to local councils to veto the development of shopping complexes.
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NewsIconic Liverpool department store Lewis’s to close
Lewis’s, the 154-year-old department store in Liverpool, will close in June with the loss of 200 jobs.
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NewsCortefiel to launch in UK via new Land Securities venture
Spanish fashion giant Cortefiel is to bring three of its brands to the UK in the first deal for property company Land Securities’ Brand Empire venture.
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NewsBest Buy eyes Homebase stores
Electricals group Best Buy Europe is close to acquiring two superstores from Homebase, it is understood.