Latest property news – Page 9
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NewsRetail footfall forecast to drop in lead-up to Christmas
Retail footfall is predicted to fall in the run-up to Christmas as consumers “tighten their purse strings” due to rising bills, according to MRI Software, formerly Springboard.
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NewsRetailers angry as works disrupt trading on Europe’s ‘oldest shopping street’
Retailers on Europe’s ‘oldest shopping street’ are concerned about the impact of works on trading and may take legal action against the local authority.
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NewsRetail footfall shows slow growth as consumers rein in spending
Footfall across UK retail destinations showed little growth in August as consumers limited their leisure trips.
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NewsLondon Designer Outlet posts record sales
London Designer Outlet at Wembley Park achieved a “record” month of trading in July, putting the month’s figures “on par” with the Christmas period at the destination.
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NewsCostco targets new UK stores as part of major expansion
Value retailer Costco has targeted 14 new UK stores over the next two years, as part of a major UK expansion.
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NewsRetail footfall drops as rail strikes and rain drive decline
Footfall across all retail destinations declined in July as rail strikes, interest rates and bad weather impacted consumer spending.
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NewsShoplifters who commit repeat offences threatened with prison
Shoplifters, thieves and violent people who commit repeated offences could be handed mandatory prison sentences under plans being mulled by the government.
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NewsJohn Lewis downsizes head office space as it relocates
The John Lewis Partnership is to halve the size of its headquarters after securing new premises in central London.
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NewsEnergy secretary challenges grocery bosses ‘to explain themselves’ over fuel prices
Energy secretary Grant Shapps will meet heads of major supermarkets and petrol firms over fuel prices, after an investigation found drivers paid an extra 6p per litre for fuel last year.
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NewsBritish Land calls retail parks ‘winning retail format’
Property group British Land posted “strong operational momentum in the business” and said “retail parks continue to be the winning retail format” ahead of its AGM later today.
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NewsVirgin Wines announces partnership with WHSmith
Virgin Wines has announced a new partnership with WHSmith as part of the retailer’s “strategic focus on commercial partnerships”.
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NewsCompetition watchdog fines Asda for failing to comply with fuel inquiry
The Competition and Markets Authority (CMA) has fined Asda £60,000 and named Morrisons for targeting higher fuel margins, as it sets out its plan to drive down fuel prices.
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NewsWHSmith will not open any more high street stores
WHSmith will not open any more high street stores as it focuses instead on its growing travel arm.
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NewsMonsoon launches travel boutique store at Waterloo
Monsoon has opened the doors of its new travel boutique store concept in London’s Waterloo Station as it continues expanding its travel retail portfolio across the UK and Europe.
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NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
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NewsHotel Chocolat to open five new retail park stores by Christmas
Hotel Chocolat is going all in on its new out-of-town format, with plans to open a further five new stores in retail parks before Christmas.
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NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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NewsAsda and Sainsbury’s ordered to end ‘anti-competitive’ property restrictions
Asda and Sainsbury’s are removing restrictions on rivals operating on land they own following an intervention by the competition regulator.
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NewsToys R Us returns to UK high streets with WHSmith tie-up
WHSmith is set to bring Toys R Us back to the UK in bricks and mortar this summer, opening nine shop-in-shops across the country.
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NewsWHSmith improves profit expectations as momentum continues across travel
WHSmith has further improved its expectations for the full financial year as travel continues to perform well ahead of peak trading season.