Latest property news – Page 32
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NewsForever 21 vows to keep ‘vast majority’ of US stores
Forever 21 has vowed to continue operating “the vast majority” of its US stores despite suggestions it is about to file for bankruptcy.
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NewsIntu circled by buyout firms as it faces £1bn debt crunch
Retail property giant Intu is reportedly being considered for a private equity buyout by Orion Capital Managers.
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NewsH&M squares up to landlords with aggressive rents stance
H&M has butted heads with landlords after demanding that new rent agreements deduct returns from revenue.
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NewsFootfall suffers ‘downwards trajectory’ in late summer
UK retailers suffered a tough end to the summer, as footfall continued its “downward trajectory” with little sign of the trend reversing soon.
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NewsHMV set to unveil new experiential Birmingham flagship
HMV will open a new flagship in Birmingham city centre next month which will act as a live music space and focus on vinyl records.
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NewsShoe Zone issues profit warning as chief executive exits
Shoe Zone chief executive Nick Davis has resigned from his role as the retailer warns that full-year profits will be below expectations due to “tough high street trading”.
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NewsAlibaba launches first European store in Spain
Alibaba has opened its first physical store in Europe on institutional landlord Intu’s Xanadú scheme in Madrid.
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NewsForever 21 poised to file for bankruptcy in US
Forever 21 is poised to file for bankruptcy in the US after talks over a potential refinancing deal stalled.
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NewsHammerson launches Leeds City Quarters concept
Hammerson has unveiled plans for its latest City Quarters concept in Leeds, which will sit adjacent to its Victoria Gate shopping centre in the city.
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NewsWHSmith posts strong full-year travel performance
WHSmith has reported strong trading at its travel division and performance in line with expectations at its high street arm.
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NewsArcadia hails creditors’ support as CVA challenge dropped
Arcadia Group’s chief executive has hailed the “loyal support” of staff, customers and creditors after confirming that the legal challenge from US landlords to its company voluntary arrangement has been dropped.
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NewsClarks asks landlords for rent reductions
Footwear brand Clarks is demanding rent reductions of up to 30% from landlords, as it seeks to overcome a spell of poor trading.
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NewsAnn Summers wins rent deals but CVA on cards for remainder
Ann Summers has won better property terms from landlords on most of its 100 branches but the refusal of property owners to be more flexible means a CVA may be considered for those where terms have not been struck.
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NewsMorrisons to shut four branches, jeopardising 400 jobs
Morrisons is to close four stores, putting about 400 jobs at risk.
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NewsOffice earmarks 15 loss-making stores for closure
Office is mulling the closure of 15 stores in the UK over the next two years as part of a wider turnaround strategy from parent company Truworths.
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News‘For sale’ sign raised over toy retailer Hawkin’s Bazaar
Toys and gadgets specialist Hawkin’s Bazaar has been put up for sale and offers are being sought for all or parts of the retailer.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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NewsTop retailers call on chancellor to fix broken business rates system
More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
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NewsWHSmith opens doors to first UK InMotion store
WHSmith has unveiled the first UK branch of InMotion, its specialist travel fascia.
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NewsShop vacancy rate hits worst level since 2015
The number of empty stores across the UK has hit its highest level for over four years, new figures have revealed.