Latest property news – Page 42
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NewsDebenhams suffers biggest ever loss, plans 50 closures
Debenhams has slumped to its biggest ever statutory loss and revealed it is to accelerate store closures in a bid to transform its fortunes.
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NewsChancellor mulls £300m business rates lifeline
Chancellor Philip Hammond could offer high street retailers a lifeline by slashing business rates by £300m in the UK’s most deprived towns and cities.
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NewsDebenhams could close one third of stores
Debenhams could close one third of its stores following a string of profit warnings and poor trading.
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NewsIntu mulls potential bid from Whittaker-led consortium
Property giant Intu is considering a preliminary takeover offer from a consortium formed by Saudi Arabian and Canadian investors and led by John Whittaker.
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NewsNew Look to exit China as 120 stores face axe
New Look is to pull the plug on its Chinese business as it focuses efforts on turning around its core UK division.
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NewsSports Direct acquires HoF Glasgow property for £95m
Sports Direct has bought House of Fraser’s property on Glasgow’s Buchanan Street outright in a bid to create the ‘Harrods of the North’.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
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NewsSelfridges Group names Pitcher boss amid senior changes
Selfridges had made a raft of changes to its top management team as it prepares for further growth.
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NewsMountain Warehouse abandons Zakti store format
Mountain Warehouse is abandoning its Zakti standalone store format and will rebrand all of its existing shops in a reshuffle of its estate.
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NewsAmazon seeks UK properties for Go stores
Online powerhouse Amazon is on the hunt for UK retail properties for its checkout-free grocery arm, Amazon Go.
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NewsIntu deputy chairman plots takeover after share price plummets
Intu’s deputy chairman John Whittaker is plotting a takeover of the group following a fall of more than 40% in its share price this year.
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NewsWalgreens to launch in-store pilot with Birchbox
US pharmacy giant Walgreens has acquired a minority stake in beauty subscription business Birchbox and will trial selling the beauty etailer’s range in-store.
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NewsIceland and Poundland move into Broad Street Mall
Reading’s Broad Street Mall has secured a clutch of new lettings, including Iceland and Poundland.
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NewsLabour pledges action to revive embattled high streets
The Labour Party has unveiled proposals to reinvigorate high streets which have suffered as result of high business costs and the rise of online retail.
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NewsOasis and Warehouse profits boosted by store closures
Oasis and Warehouse Group’s full-year profits have jumped despite what boss Liz Evans described as a “challenging” environment for retail generally.
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NewsMike Ashley blames 'greedy landlords' for HoF closures
Mike Ashley has blamed “greedy landlords” for the closure of three House of Fraser stores in Edinburgh, Hull and Swindon after rent negotiation talks failed.
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NewsPoundworld founder Edwards to launch new value chain
Poundworld founder Chris Edwards is launching a new discount chain – and has ambitious plans to open 100 stores within a year, Retail Week can reveal.
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NewsPoundland to open in 20 former Poundworld locations
Poundland will open stores in up to 20 former Poundworld locations following its rival’s demise.
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NewsPrimark commits to Belfast following store blaze
Primark has pledged to re-establish a presence in Belfast city centre after its store at Bank Buildings was destroyed by a fire last month.