Latest property news – Page 45
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NewsFootfall stuck in worst rut for three years
Footfall slipped for the seventh consecutive month as the warm weather sparked a sharp decline in shopping centre visits in June.
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NewsPoundworld: 80 more stores and 1,000 jobs to go
Poundworld administrators will close another 80 stores next week, on top of the 25 already set to close this weekend.
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NewsPoundworld to close 25 stores, axing 242 jobs
Poundworld is closing 25 of its 355 branches this week including stores in Birmingham, Manchester and Nottingham.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.
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NewsProperty giant British Land voted against HoF CVA
Landlord giants including British Land, Derwent and Reuben Brothers tried to block House of Fraser’s controversial CVA last month, according to documents seen by City AM.
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NewsRetail industry associations demand business rates reform
Retail industry trade bodies the BRC and Revo have called for urgent reform of the business rates system as Bill Grimsey’s second high street review was published.
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NewsSecond Grimsey review calls for action to avoid ghost towns
Local authorities need more power and stronger leadership to reinvigorate town centres in England and Wales, the latest report on the state of the high street by veteran retailer Bill Grimsey has warned.
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NewsHouse of Fraser creditors vote through CVA
House of Fraser’s company voluntary arrangement has been passed by its creditors, paving the way for the closure of half of its estate.
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NewsMicrosoft challenges Amazon with checkout-free tech
Microsoft is reportedly developing technology that would allow retailers to run checkout-free stores.
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NewsTesco's Lewis: 'Economic impact' unless rates reformed
An “unprecedented” number of high street failures highlights the unsustainability of the business rates regime and risks an “economic impact”, Tesco chief Dave Lewis has warned.
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NewsIceland profits hit by Christmas availability glitch
Iceland has reported a year of strong sales growth but annual profits were hit by factors including poor availability in the key Christmas period.
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NewsHabitat to open first standalone branches in a decade
Habitat is to open its first standalone stores in 10 years this autumn.
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NewsFootfall recovers in May but shoppers shun malls
Footfall slipped again in May despite showing signs of recovery following steep declines in shopper numbers in March and April.
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NewsTesco’s Lewis voices business rates concerns
Tesco chief executive Dave Lewis has blamed the burden of business rates for the collapse of some retailers.
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NewsLord Kirkham-founded Fabb Sofas enters administration
Fabb Sofas has fallen into administration less than two years after it was founded, due to a lack of external funding.
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NewsPoundworld to file intention to appoint administrators
Poundworld will file its intention to appoint administrators today after a rescue bid from Alteri collapsed, putting 5,500 jobs at risk.
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NewsHouse of Fraser plans 31 store closures as CVA unveiled
House of Fraser has proposed the closure of 31 stores through a CVA, details of which have now been revealed.
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NewsWHSmith travel sales rise as high street dips
WHSmith’s travel sales rose in its third quarter as it developed a new smaller format for high street stores.
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NewsPoundworld closing in on rescue deal with Alteri
Former Austin Reed owner Alteri Investors is closing in on a deal to rescue embattled Poundworld.