Latest property news – Page 8
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NewsWHSmith sales soar driven by ‘strongest ever’ travel division
WHSmith posted growth in sales in the 20 weeks to January 26, 2024, as it achieved its “strongest ever position as a global travel retailer”.
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NewsMorrisons to sell petrol forecourts in £2.5bn deal
Grocery giant Morrisons is on the brink of sealing a £2.5bn deal with CD&R-owned Motor Fuel Group to sell its petrol forecourts.
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NewsBattersea Power Station sales soar as Christmas boosts footfall
Battersea Power Station has reported a strong second Christmas as sales at the destination soared year on year and December proved to be its busiest of 2023.
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NewsExclusive: WHSmith appoints GXO as UK logistics partner
WHSmith has appointed GXO as its new outsourced logistics partner in the UK, Retail Week can reveal.
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NewsShoe Zone profits rise following strong key period trading
Shoe Zone has posted a rise in full-year profits after ”strong and consistent results throughout the key trading periods.”
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NewsChristmas shopping boosts December footfall
Retail footfall across all UK destinations increased in December as shoppers flocked to stores ahead of Christmas.
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NewsLondon Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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NewsLandsec unveils new retail operating model
Landsec has unveiled a transformation of its retail operating model, which it said represented a “signal of confidence in its continued investment” in stores.
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NewsRetail footfall ‘steadied’ by Black Friday shoppers
Footfall across all UK retail destinations in November edged up as Black Friday helped to “steady the month”, according to the latest MRI Software data.
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NewsBlack Friday retail footfall will be ‘subdued’, claims survey
Higher interest rates and inflation will continue to have an effect on consumer spending, warns latest MRI Software consumer report.
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NewsHammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
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NewsIkea unveils plans for city store in Brighton’s Churchill Square
Ikea has bought Brighton’s main shopping centre and today unveiled plans to open a new mini Ikea store within it.
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NewsWHSmith boss optimistic for festive season as ‘Christmas always comes’
WHSmith chief executive Carl Cowling has said its high street stores are “set up” for an increase in footfall over Christmas.
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NewsFootfall declines as cost-of-living impact grows
Footfall across all UK destinations fell in October as consumers continued to feel the pressure of the cost-of-living crisis ahead of Christmas.
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NewsAsda acquires EG and pledges price cuts
Asda has completed its purchase of forecourt retail giant EG Group at an enterprise value of £2.07bn. It vowed the deal will mean lower fuel and grocery prices “for millions”.
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NewsJohn Lewis poaches new property boss from Royal Mail
John Lewis Partnership has named current interim Royal Mail corporate finance director Martin Gafsen as its new director of property.
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NewsAsda opens first of its former Co-op c-stores
Asda has accelerated its takeover into convenience as it opens 11 sites that were formerly Co-op stores.
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NewsFrasers Group discloses plans to move global headquarters
Frasers Group, which is presently headquartered at Shirebrook, Derbyshire, is planning to move its global headquarters.
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NewsWilko store deals at risk as discounters renegotiate leases
Rescue deals for former Wilko stores are “at risk” and could fall through as potential buyers try to negotiate more favourable terms with landlords, The Times has reported.
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NewsFootfall weakens as shoppers limit spend ahead of Christmas
Footfall across all UK destinations declined in September as consumers restricted their shopping ahead of the Christmas season.