Latest property news – Page 31
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NewsStore profit margins halved by soaring costs
Store-based profit margins have been decimated by rising costs over the last eight years, new research has shown.
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NewsJobs at risk as Jessops approaches administrators for property arm
Photographic retailer Jessops has approached administrators in a bid to salvage its struggling property arm.
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NewsRetail business rates to increase by £137m
The BRC has warned that retailers face a £137m business rates hike from next April based on the latest figures from the government’s consumer price index (CPI), which will pile more pressure on the sector.
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NewsRetail braced for ‘worst Christmas since Woolworths collapsed’
Retail is bracing itself for the toughest Christmas in a decade as Brexit uncertainty, high property taxes and deep discounting grip the market just two weeks into the golden quarter.
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NewsRetailers facing ‘sustained drop in footfall’ as September falls flat
The number of people visiting bricks-and-mortar locations has tumbled 10% over the past seven years, after September suffered a further decline in footfall.
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NewsUpdate: Arndale shopping centre evacuated after multiple stabbings
Manchester’s Arndale shopping centre has been evacuated after three people were stabbed in an attack.
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NewsIkea ramps up property team as it eyes shopping centre acquisitions
Swedish furniture giant Ikea is expanding its UK property team as it seeks to snap up lowly valued shopping centres to accelerate its urban expansion.
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NewsHMV launches Europe’s largest music store
HMV will launch Europe’s largest music and entertainment store this morning as new owner Doug Putman vows to put “experience” at the heart of the business.
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NewsIn pictures: Poundland makes grocery push as it launches frozen food pilot
Poundland has rolled out a fresh and frozen food range comprising 350 new product lines at it Ashbourne store in Derbyshire in a bid to get shoppers to do their full weekly shops with the retailer.
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NewsSports Direct hits back over HoF closures speculation
Sports Direct has lashed out at reporting over the weekend which said it was planning to close down its entire House of Fraser store estate after Christmas.
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NewsJohn Lewis demands service charge cuts from landlords
John Lewis & Partners has become the latest retailer to demand better terms from landlords.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsLandlord drops Monsoon Accessorize CVA challenge
British Land has dropped a legal challenge to fashion retailer Monsoon Accessorize’s CVA.
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NewsHammerson mulls breaking HoF leases to repurpose space
Hammerson is in discussions about proactively breaking at least two House of Fraser leases in flagship schemes as it continues to strategically reduce its exposure to department store anchors.
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NewsMarks & Spencer and Richer Sounds to pilot concession tie-up
Marks & Spencer is to introduce Richer Sounds as a concession partner as part of the ongoing overhaul of its store proposition.
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NewsSmiggle ratchets up pressure on landlords
The Australian owner of stationery retailer Smiggle has laid the groundwork to increase the pressure on landlords in upcoming lease negotiations by aligning store fit-out costs with break clauses.
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NewsAmazon bolsters property team as it eyes bricks-and-mortar roll-out
Amazon has poached Central England Co-operative trading executive Matt Birch as it builds its UK property expertise.
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NewsDebenhams wins High Court battle with landlord to secure CVA
Debenhams has won a High Court battle with a landlord to secure its CVA, paving the way for the department store to shut 50 shops.
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NewsRiver Island profit halves as it ramps up investment
River Island has posted a steep fall in earnings after ploughing cash into improving the business to ensure it is future-fit.
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NewsMike Ashley swoops on Hertfordshire retail park in cut-price deal
Sports Direct tycoon Mike Ashley is poised to add a retail park in Hertfordshire to his growing list of acquisitions.