Latest property news – Page 91
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NewsWHSmith reports falling Christmas sales but improved margins
WHSmith has reported another period of falling group sales and strengthening gross margins over the Christmas period.
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NewsPhase Eight to launch separate plus-size brand called Studio Eight
Phase Eight is set to launch a separate plus-size brand this summer as the womenswear retailer ramps up its presence overseas.
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NewsWestern retailers Apple, Inditex and Carrefour step up China plans
Western retail giants are stepping up their plans to expand into China as they seek to take advantage of the booming local economy.
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NewsBeales board agrees to cash offer from property tycoon Andrew Perloff
Beales has agreed to a recommended cash offer from English Rose, a vehicle controlled by outspoken property investor Andrew Perloff.
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NewsAustin Reed poised to close 31 stores as part of CVA turnaround plan
Austin Reed is expected to close 31 stores and secure a £3m cash injection from shareholders through a company voluntary arrangement (CVA).
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NewsMountain Warehouse's Christmas sales soar on bricks-and-clicks strategy
Mountain Warehouse saw sales soar over the Christmas period, driven by the outdoor clothing retailer’s bricks-and-clicks strategy.
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NewsTarget to close struggling Canadian operation after two years
US discount retailer Target is closing its loss-making Canadian operation in a move that puts 17,600 jobs at risk.
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NewsFoyles to close Westfield London store to pave way for redevelopment
Foyles is closing its Westfield London store after agreeing to an early surrender of the lease to allow redevelopment at the mall.
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NewsBreakfast briefing: Retail news on Austin Reed, Tesco, Black Friday and more
Retail news round-up on January 15, 2015: Austin Reed examines restructure, Online sales cross £100bn mark in UK, Tesco downgraded and MPs urge retailers to ditch Black Friday.
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NewsAquascutum narrows losses to £1.6m in its full-year results
Luxury clothing retailer Aquascutum has narrowed its losses in its latest full-year results, despite sales plunging by 23% to £6.8m.
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NewsThird-quarter sales rise at Burberry but retailer hit by Hong Kong protests
Burberry reported an 8% rise in comparable sales in its third quarter but the fashion retailer said it was hit by the protests in Hong Kong.
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NewsMacy’s to close 14 department stores as it undergoes restructure
Macy’s is to close 14 stores and restructure its merchandising and marketing divisions, investing the savings into creating an off-price model.
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NewsPretty Green plans expansion after record Christmas
Pretty Green, the menswear retailer in which Oasis star Liam Gallagher is an investor, has posted a Christmas sales surge.
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NewsNRF: 'Europe is not great place to do business' says Gap property boss
Gap executive David Zoba claims Europe is “not a great place to do businesses” and says the company’s growth in the continent will be minimal.
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NewsWet Seal closes 338 stores and could seek bankruptcy protection
US fashion retailer Wet Seal closed 338 of its stores this week, resulting in the termination of 3,695 full and part-time roles.
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NewsTesco’s Christmas trading: What the analysts say
Tesco has improved performance over Christmas and unveiled the appointment of Matt Davies as UK boss. Retail Week looks at the analysts’ view.
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NewsTed Baker reports strong Christmas after remaining steadfast on price
Premium fashion brand Ted Baker has reported retail sales up 22.8% in the 8 weeks to January 3 after avoiding promotions before Christmas.
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NewsTesco unveils improved trading and hires Matt Davies as UK boss
Tesco has improved performance over Christmas, unveiled the appointment of Halfords boss Matt Davies and is to close its Cheshunt headquarters.
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NewsRiver Island joins Friars Walk development in Newport
River Island has become the latest retailer to join the Friars Walk development in Newport, South Wales, with a two-storey space opposite H&M.
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NewsAnn Summers falls into the red with £3.6m full-year loss
Ann Summers has plunged into the red with a full-year pre-tax loss of £3.6m and has abandoned plans to sell off its Knickerbox brand.