Latest property news – Page 47
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NewsRetail footfall tumbles at 'unprecedented' rate
Retail footfall dropped sharply in April as wet weather spurred declines in shopper numbers across high streets, retail parks and shopping centres.
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NewsMothercare to seek fresh investment for rescue plan
Mothercare is set to tap up investors to bolster its restructuring plan with the launch of equity share placing alongside its full-year results this week.
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NewsMPs launch new inquiry into health of high streets
Parliamentarians are to consider how to breathe new life into high streets that are suffering as online shopping grows and cost pressures increase.
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NewsHouse of Fraser Group racks up £44m loss
House of Fraser Group swung to a £43.9m pre-tax loss last year as the Brexit vote, terrorist attacks and online competition weighed on the embattled department store business.
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NewsHouse of Fraser slammed by property body over CVA plan
The British Property Federation has hit out at House of Fraser after the beleaguered business revealed it plans to launch a CVA next month.
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NewsHouse of Fraser launches CVA to secure fresh investment
House of Fraser is the latest retailer to launch a CVA as it bids to strip costs out of the business and secure a new shareholder.
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NewsCarpetright creditors vote in favour of CVA
Carpetright has overcome a major hurdle in its bid to launch a company voluntary arrangement (CVA) after its creditors voted in favour of the proposals.
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NewsPoundworld plots up to 100 store closures in CVA plan
Poundworld is preparing to launch a CVA, which could see it close up to a quarter of its store estate.
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NewsCarpetright investor builds stake ahead of CVA vote
Carpetright’s biggest investor, hedge fund Meditor Capital Management, has upped its stake in the retailer almost to the level that would oblige it to make a formal takeover offer.
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News
Bonmarché sales fall as store performance slumps
Bonmarché has suffered a decline in full-year sales as online growth failed to offset “disappointing” performance across its store portfolio.
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NewsHouse of Fraser drafts in advisers as it mulls CVA
House of Fraser has drafted in advisers as the embattled department store business ramps up its turnaround plans.
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NewsHammerson board makes U-turn on £3.4bn Intu deal
Hammerson has made a dramatic U-turn on its proposed acquisition of Intu, claiming the deal is “no longer in the best interests of shareholders”.
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NewsFootfall falls in March as shoppers abandon high street
Shopper numbers declined ”substantially” last month as a “longer term trend” of reduced footfall has started to emerge.
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NewsSelect to slash rents as CVA voted through
Select’s creditors have voted through a CVA designed to cut its rental costs and save 2,000 jobs.
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NewsKlépierre abandons bid for rival mall owner Hammerson
Klépierre has pulled the plug on its attempts to buy Hammerson – paving the way for the latter to complete its acquisition of rival Intu.
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NewsQuiz sets out ambitions to enter Chinese market
Quiz plans to enter the Chinese market in a bid to power up its overseas sales growth, Retail Week can reveal.
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NewsToys R Us to close remaining UK stores this month
Toys R Us UK will pull down the shutters on its stores for the final time in less than a fortnight.
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NewsHammerson rejects revised offer from Klépierre
Retail property giant Hammerson has knocked back a revised offer from French counterpart Klépierre.
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NewsStore openings slow during tough year for retailers
New high street store openings slipped to the lowest level since 2010 last year.
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NewsMothercare mulls CVA as new boss parachuted in
Mothercare is considering joining the likes of New Look and closing stores in an attempt to survive market pressures.