All Property articles – Page 208
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News
H&M reports sales increase
H&M’s sales including VAT for the full year 2012 rose 11% in local currencies.Net profit for the full year was up 7% to SEK16.87bn (£1.7bn) compared with SEK15.82bn (£1.59bn) in 2011.H&M opened 304 new stores worldwide in 2012 and will add 325 more this year, with the fastest rate of ...
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News'Midsummer murder' for retailers if Government pushes back rates revaluation
Retailers face a “midsummer murder” if the Government presses ahead with a postponement to business rates revaluation by two years.
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NewsConran Shop enjoys strong Christmas as it rolls out new store design
Upmarket furniture retailer Conran Shop is poised to roll out its new store design across the business after reporting a strong Christmas.
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OpinionComment: Government 's business rates appeals backlog must be tackled
It is clear that the retail sector is under pressure, whether it’s because another retailer is heading into administration or the impact of the rapid rise of etail on high streets.
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NewsRepublic chairman Andy Bond departs as restructurer KPMG appointed
Republic chairman Andy Bond left the fashion retailer last week it has emerged, as it appointed restructurer KPMG to help it shed some of its 121 stores.
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NewsCSL reports record year as it plans expansion in Scotland
Sofa retailer CSL revealed a pre-tax profit jump from £200,000 to £2.5m in the year to December 31, 2012 as it plans to invest £4m to expand the business in Scotland.
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NewsFormer Borders boss opens new retail venture
Former Borders chief executive Philip Downer has opened a new gifts, books and homeware store, Calliope Gifts.
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NewsMorrisons acquires Jessops stores as convenience arm expands
Morrisons has acquired seven Jessops stores in a bid to step up the expansion of its M Local convenience chain and fightback against its rivals Tesco and Sainsbury’s.
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NewsRestructurers circle Store Twenty One as it closes website
Troubled fashion retailer Store Twenty One, which stocks a range of lingerie by glamour model Katie Price, has attracted the interest of restructuring firms.
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NewsUp to 100 HMV shops face closure as axe falls on store staff
Up to 100 HMV stores are set to close when their stock is sold, administrators will tell staff of the collapsed retailer this week, pulling the plug on 1,500 jobs.
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AnalysisAnalysis: What next for Jessops after it was snapped up by a Dragon?
Jessops was last night rescued out of administration by Dragon’s Den star Peter Jones in a surprise acquisition of the brand. Retail Week studies the implications of the deal.
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GalleryIn pictures: Urban Outfitters Oxford Street flagship opens
Urban Outfitters opens a store in the newly developed Park House at the West End of Oxford Street this morning.
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NewsB&Q Ireland appoints examiner in a bid to save the struggling retailer
B&Q Ireland, a subsidiary of Kingfisher, has appointed an examiner to rescue the business, which has been hit by the decline in consumer spending.
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NewsJessops bought out of administration by Dragons' Den star Peter Jones
Collapsed camera specialist retailer Jessops has been bought out of administration by entrepreneur and Dragons’ Den star Peter Jones.
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News
Discounter Dollar General plans 600 new stores across US
Discounter Dollar General plans to open more than 600 stores across the country this year, bringing its total to 11,000. It also plans to recruit 6,000 more employees.Executive vice-president and chief people officer Bob Ravener said: “We’ve been on an aggressive growth pattern. We’ve seen some tremendous opportunities.”
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AnalysisInternational analysis: Russia’s Magnit on course to overtake grocery rival
Russian grocery retailer Magnit has doubled its profit to $807m (£513.2m) in comparison with 2011. The food retailer reported an impressive net profit margin of 5.57%.
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AnalysisAnalysis: What will the music stores of the future look like?
When HMV fell into administration, the future of record stores on many British high streets was thrown into question. How can retailers adapt to today’s entertainment consumers?
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AnalysisAnalysis: The highs and lows of Christmas trading
The aftermath of the festive season brought drama, as a clutch of high street retailers collapsed. But how did the retail industry perform overall? Rebecca Thomson reports.
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NewsTheo Paphitis backs campaign to freeze business rates
Retail entrepreneur and star of Dragons’ Den Theo Paphitis is backing the Retail Week and British Retail Consortium (BRC) campaign urging the Government to freeze business rates.
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News
Spar International plans to enter Middle Eastern market
Spar International plans to enter five markets in the Middle East, with the aim of 30 stores in the region by the end of 2015.Eight shops are planned for Abu Dhabi, two for Qatar and one in Lebanon by the end of the year.Spar has teamed up with local retailer ...