Latest property news – Page 74
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NewsBHS owner Retail Acquisitions plots store closures and pension overhaul
BHS owner Retail Acquisitions has hired KPMG to help it overhaul the business in a move that is expected to result in store closures.
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NewsAmazon eyeing up to 400 physical bookshops after Seattle trial
Etail giant Amazon is planning to open up to 400 bookshops following the launch of its first physical store last year, according to reports.
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NewsThe Co-op acquires 15 Budgens stores for undisclosed sum
The Co-op has bought 15 Budgens convenience stores around London and the Southeast as part of its strategy to acquire 100 new stores in 2016.
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NewsWestfield Stratford City evacuated due to fire in service area
Shoppers and staff were evacuated from Westfield Stratford City this lunchtime after a small fire broke out in a service area.
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NewsThe Range to create 1,000 jobs at new distribution centre
The Range has unveiled plans to create more than 1,000 jobs as it prepares to open a new distribution centre in the Southwest.
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NewsHammerson buys Birmingham’s Grand Central shopping centre for £335m
Birmingham’s Grand Central shopping centre, home to 40 retailers including John Lewis, has been sold to property firm Hammerson for £335m.
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NewsBlue Inc closes 74 stores as it 'restructures for profitable growth'
Menswear retailer Blue Inc is today closing almost a third of its stores in a bid to restructure the business for “profitable growth”.
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NewsPets at Home like-for-likes rise as it trials Whiskers 'n Paws fascia
Pets at Home like-for-likes edged up 2.2% in its third quarter to December 31 as it trials a new Whiskers ’n Paws high-street fascia.
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NewsNext to take over Oxford Street centre by 2017 as it unveils flagship plans
Next will transform the entire Plaza shopping centre on Oxford Street into a flagship store by the end of 2017, the retailer has revealed.
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NewsAt a glance: Bunnings, the DIY retailer set to take over Homebase's stores
Homebase stores will eventually be rebranded as Bunnings under the ownership of Wesfarmers. We take a look at the Australian retailer.
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NewsDebenhams to anchor retail and leisure extension at Intu Watford
Debenhams will anchor the 400,000 sq ft retail and leisure extension at Intu Watford shopping centre, Retail Week can reveal.
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NewsFashion etailer Missguided pushes button on UK store roll-out
Young fashion etailer Missguided has pushed the button on a UK-wide store roll-out that will include a central London location.
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NewsHome Retail agrees £340m Homebase sale to Australian retailer Wesfarmers
Home Retail has entered into an agreement to sell DIY retailer Homebase to Australian retail group Wesfarmers for £340m.
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NewsChristmas high street footfall decline sharpest since November 2014
High street footfall dropped 4% in December, marking the biggest decline in shopper numbers since November 2014.
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NewsWalmart to close 269 stores across US and international estate
Walmart will close 154 US outlets and 115 international stores as it cuts its convenience footprint and invests in its ecommerce offer.
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NewsBHS to lease Oxford Street flagship to Polish fashion giant LPP
BHS has agreed to lease its Oxford Street flagship to Polish giant Lubianiec Piechocki i Partnerzy (LPP), Retail Week understands.
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NewsBonmarché sales stabilise in aftermath of pre-Christmas profit warning
Sales at Bonmarché have returned to “more normal levels” since the retailer issued a profit warning in the run-up to Christmas.
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NewsJohn Lewis sales rise as stores and online deliver double-digit growth
Sales at John Lewis department stores surged 15.6% to £99.6m last week, when all its main categories recorded strong performances.
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NewsAnalysis: The detail behind Sainsbury's interest in Home Retail Group
Sainsbury’s has revealed more detail as the grocer puts forward its case to acquire Argos and Homebase owner Home Retail Group.
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NewsShoe Zone posts full-year profits drop and plans new big-store format
Shoe Zone has suffered a slide in full-year profits after sales fell amid “difficult” trading conditions for the footwear industry.