Latest property news – Page 215
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NewsFocus CVA plan to offload ‘dark’ stores receives positive reaction
Focus DIY’s proposed company voluntary arrangement (CVA) will be well received by creditors, according to analysts and landlords.
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NewsFocus to unveil CVA
Focus DIY is to unveil plans for a Company Voluntary Arrangement (CVA) of 38 non-trading stores on Wednesday, as part of the DIY chain’s turnaround plan.
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NewsVacancy rates almost treble
Vacant shops on the UK high street have almost trebled in the last year from just over 4 per cent to 12 per cent at the end of June.
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NewsDobbies raises eco-friendly stakes
Garden centre chain Dobbies is to open the UK’s “most eco-friendly garden centre” while parent Tesco plans to open allotments to take advantage of Brits’ passion for growing their own food.
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Top property agent to head Apple growth plans
Apple is expected to ramp up its European property strategy by appointing a leading agent to head its growth plans.
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NewsStrong sales spur on QS growth push for Store 21
Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
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NewsLinks of London founders launch fine jewellery business
The husband and wife team behind jewellery chain Links of London have launched a new business in 11 department stores.
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NewsTesco under fire over 'misleading' adverts
Tesco has been accused of making misleading claims in its adverts that stated 1.2m of its baskets were cheaper than at Asda.
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NewsCurrys to open in ill-fated Thurrock shop
Electricals retailer Currys has taken over the lease for the former Marks & Spencer Lifestore at Lakeside in Thurrock, which has proved ill-fated for retailers.
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NewsHornsea Freeport shopping village in administration
East Yorkshire shopping village Hornsea Freeport has fallen into administration.
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NewsDownturn and weak pound help sales at designer outlets
Sales at designer outlets are soaring as shoppers take advantage of designer goods at discounted prices during the recession.
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NewsLiberty considers international push
Iconic London department store Liberty has confirmed it has begun a strategic review of the business to explore ways of developing the brand internationally.
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NewsFormer John Lewis boss Sir Stuart Hampson named chairman of Crown Estate
Sir Stuart Hampson, the former chairman of John Lewis Partnership, is to become chairman of Regent Street owner the Crown Estate.
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NewsBritish Retail Consortium devises action plan to save UK’s struggling high streets
The British Retail Consortium has unveiled a 20-point plan to secure the long-term future of retailing high streets as it reveals some town centres are already recording vacancy rates of almost 40 per cent.
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NewsNew Orange formats to focus on service
Mobile phone operator Orange is to trial two new store formats as it seeks to drive a customer service ethos.
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NewsLakeland on mission to double its portfolio
Homewares retailer Lakeland wants to double the size of its store portfolio within the next five years.
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NewsBRC calls for action to save town centres
Three times more town centre stores are now vacant compared with last autumn and the British Retail Consortium (BRC) has called for action to secure the future of UK high streets.
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NewsAllied Carpet Properties in administration and 51 shops sold to retail arm
Allied Carpet Properties has been placed into administration, and 51 of its stores have been immediately sold to Allied Carpets Retail.
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NewsUS denim brand True Religion to open first UK stores
US designer denim brand True Religion is to kick off a European standalone store opening programme with a London opening planned for this year.
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NewsGovernment considers business rates relief fund
The Government has launched a consultation process on a £2bn relief scheme for businesses, including retailers, affected by next year’s business rates revaluation.