Latest property news – Page 41
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NewsWhittaker scraps Intu bid amid economic ‘uncertainty’
A consortium led by John Whittaker has scrapped its bid for shopping centre owner Intu, blaming macroeconomic “uncertainty” and “potential near-term volatility” in financial markets.
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NewsThe Fragrance Shop launches 'Sniff Bar' pop-up shops
The Fragrance Shop has launched pop-up ‘Sniff Bars’ in high-footfall locations.
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NewsMike Ashley threatens to shut all shops in Intu centres
Sports Direct boss Mike Ashley intends to close all his stores in shopping centres owned by Intu because the retail property group has spurned new terms he has proposed on four House of Fraser sites.
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NewsBlack Friday footfall tumbles as online sales spike
Black Friday footfall in the first half of the day has plummeted 7% year on year as online bargain hunters drive sales.
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NewsAshley demands to meet MPs to 'save the high street'
Sports Direct tycoon Mike Ashley will set out his views on how to save the high street in a meeting with MPs next month.
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NewsSainsbury's opens 'experimental' new-look supermarket
Sainsbury’s has launched an “experimental” new supermarket format to pilot a host of new features including a food market, an Oasis and a frangrance section.
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NewsGoogle and NearSt tie up to push local high street sales
Google and retail tech start-up NearSt have collaborated to allow shoppers to get information about specific product availability at shops nearby.
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NewsB&Q to sell stores for £125m to fund turnaround plan
B&Q plans to sell six of its UK stores in a bid to raise funds for boss Véronique Laury’s five-year transformation strategy.
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NewsEvans Cycles stores to be shuttered despite profitability
Evans Cycles’ new owner Mike Ashley has decided to close half of its shops despite administrators advising that “almost all” of its stores make money.
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NewsAmazon to create 50,000 jobs in split HQ plan
Amazon has ended months of speculation by revealing that its new second headquarters will be split between New York and Arlington, Virginia.
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NewsIntu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
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NewsDebenhams appoints new property director
Debenhams has hired a new property director from the hospitality sector, replacing Rob Hadfield who has exited the retailer.
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NewsAshley prepares to close more House of Fraser stores
Sports Direct tycoon Mike Ashley is planning to shut more House of Fraser stores, it is understood.
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NewsRetail footfall dips in October as town vacancies rise
Footfall in October fell by 2% year on year in the 11th consecutive month of decline.
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NewsTesco, Sainsbury’s and Co-op win £300m ATM rates case
Tesco, Sainsbury’s and The Co-op have won their appeal against a ruling that meant retailers had to pay business rates for cash machines situated outside their shops.
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NewsStore closures soar to record levels in first half
Britain’s high street is weathering the most testing climate in five years as the gap between store closures and openings widens to record level.
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NewsMarks & Spencer boss Rowe pledges to churn store estate
Marks & Spencer chief executive Steve Rowe has signalled further changes to the retailer’s store estate as part of his turnaround programme.
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NewsSports Direct acquires Evans Cycles in pre-pack deal
Sports Direct has snapped up Evans Cycles in a pre-pack administration deal, which will see it axe half of the retailer’s stores.
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NewsWHSmith acquires US travel retailer InMotion
WHSmith has bought US travel retailer InMotion in a bid to strengthen its grip on the international travel market.
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NewsBusiness rates and online tax on Budget agenda
Chancellor Philip Hammond is expected to cut business rates by a third for about half a million small retailers in today’s Budget.