Latest property news – Page 38
-
NewsSainsbury's-Asda offer to sell 150 supermarkets
Sainsbury’s and Asda have offered to sell up to 150 supermarkets in a bid to convince competition authorities to agree to their £13bn mega-merger.
-
NewsArcadia appoints GCW as it mulls CVA
Arcadia has appointed property agency GCW to oversee its proposed restructuring process, Retail Week understands.
-
NewsProperty giants refuse to work on Arcadia CVA
Leading retail property agencies CBRE and JLL have made clear they will not assist Arcadia tycoon Sir Philip Green with a CVA of the fashion group.
-
NewsArcadia poised to launch CVA within weeks
Arcadia is set to launch a far-reaching CVA as soon as next month, with a substantial number of store closures and job losses expected.
-
NewsPrimark and Disney team up for world-first in new store
Primark is to unveil a raft of in-store firsts in its new Birmingham branch.
-
NewsDFS boss unveils ambitions for Sofology expansion
DFS posted its half-year results today with an increase in profits and sales across the group. Boss Tim Stacey told Retail Week his plans to keep the success surging with Sofology expansion plans.
-
News
Retail footfall in decline for 15th consecutive month
Shopper numbers plummeted by 2% last month, marking the “weakest February in five years”.
-
NewsPaperchase launches CVA in bid to slash rents
Paperchase has launched a company voluntary agreement (CVA) proposal after bringing in advisers from KPMG in January.
-
NewsClarks shutters Somerset factory with loss of 35 jobs
Clarks has closed its only remaining UK manufacturing hub in Somerset with the loss of 35 jobs, Retail Week can reveal.
-
NewsAmazon to open dozens of supermarkets across US
Amazon is set to open dozens of grocery stores across the US in major cities including San Francisco, Seattle, Chicago, Washington, DC and Philadelphia.
-
NewsHammerson to splash cash on events to drive footfall
Shopping centre landlord Hammerson will ramp up investment in events and hotels as it bids to tackle ailing footfall and sales.
-
NewsAldi opens new £50m distribution centre in the Southeast
Aldi has opened a new £50m distribution centre to help it expand its store network in the Southeast.
-
NewsHammerson ramps up sell-off ambitions as profits fall
Hammerson has posted a decline in its full-year property values in what boss David Atkins described as “a tough year, particularly for the UK”.
-
NewsMPs call for online sales tax to save high street
A parliamentary inquiry has called for a new online sales tax to “level the playing field” and provide “meaningful relief” to high street retailers.
-
NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
-
NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
-
NewsEdinburgh Woollen Mill boss Day eyes M&S stores
Retail entrepreneur Philip Day, owner of Edinburgh Woollen Mill, hopes to snap up stores being closed by Marks & Spencer.
-
NewsAmazon ditches plans for second HQ in New York
Amazon has rolled back plans to open its second US headquarters in New York following political backlash over the tax subsidies the firm would have received.
-
NewsWestfield Croydon construction faces fresh delay
Westfield has blamed the “economic and political outlook” and “structural changes” in retail for a fresh delay to its planned development in Croydon.
-
NewsWest End retailers braced for April business rates hike
John Lewis, Primark, Debenhams and Selfridges will suffer some of the sharpest increases in business rates on their flagship West End stores, new research has found.