All Property articles – Page 211
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NewsMultiple retailers’ store numbers flat in 2012
The number of stores operated by multiple retailers remained flat last year despite a spate of administrations that resulted in swathes of shops closing.
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Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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AnalysisInternational analysis: Casino hopes to take top spot in Thailand with new stores
French retailer Casino has ambitious plans to triple its number of locations in Thailand by 2016, when it hopes to operate 1,250 stores.
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Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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NewsH&M's new brand & Other Stories to launch on Regent Street
H&M is to launch its first global stores for new brand & Other Stories this spring, which will include a flagship on London’s Regent Street.
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German retailer Schwarz Group outlines plans for Bulgaria
German retailer Schwarz Group has outlined plans for Bulgaria. The hypermarket and superstore business plans to open just two to three new locations in calendar 2013, in addition to the imminent launch of a store in Sandanski, near the Greek and Macedonian borders.Schwarz Group operates 63 Lidl discount stores and ...
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7-Eleven purchases 143 sites in Texas
Seven & I-owned 7-Eleven has purchased 143 sites in Texas. The acquisition includes Speedy Stop and Tigermarket convenience stores owned by local operator CL Thomas.The deal also increases 7-Eleven’s fuel wholesale delivery business, because the purchase included petrol distribution to approximately 150 dealer-operated sites.
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NewsJigsaw back in the black as it prepares for Middle East launch
Fashion chain Jigsaw is back in the black as it prepares for its launch in the Middle East.
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NewsLakeland to expand in Europe as it invests £10m in warehouse facility
Quirky cookware brand Lakeland is investing £10m in extending its distribution centre as it prepares for overseas expansion in Europe and the Middle East.
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NewsChinese retailers eye London stores
Chinese retailers are targeting London to open stores this year, as the capital remains a top shopping destination despite the difficult economic outlook.
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NewsA quarter of UK shoppers use stores as showroom
A quarter of UK shoppers visited a store to see products before using their mobile phone to compare prices elsewhere in the run up to Christmas.
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NewsRetail administrations jump 6% in 2012
The number of retailers falling into administration jumped 6% year on year in 2012, according to accountancy firm Deloitte which predicts further distress for the sector in the year ahead.
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NewsRetailers brace themselves for another tough year in 2013
Next year looks set to be as tough as 2012 for retailers, with “shaky consumer confidence” likely to continue into 2013.
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NewsSelfridges buys £130m office block
Selfridges has acquired an office block near to its flagship store in Oxford Street for £130m, suggesting the retailer will expand its presence in the area.
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NewsPeacocks plans overseas growth as revival rolls on
Peacocks is to re-enter the Middle East and launch in Germany next year.
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AnalysisInternational analysis: Jerónimo Martins to invest in Polish market
Portuguese-based retailer Jerónimo Martins is to invest €2.5bn (£2.03bn) over the next three years, with 70% directed into Polish discount chain Biedronka.
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Sephora plans South American store openings
LVMH-owned beauty chain Sephora plans to open 50 stores in South America in the next four years.The retailer, which entered Brazil in 2010 with the acquisition of beauty etailer Sack’s, opened two stores in São Paulo this summer.
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Costco reveals opening plans for 2013
Warehouse club operator Costco has revealed its opening plans for the remainder of the 2013 financial year.In the first quarter, which ended on November 25, Costco added nine clubs - eight in the US and one in Canada - bringing its total to 617, including 443 in the US.By the ...
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Walmart reportedly in talks with Migros Ticaret
Walmart is reportedly interested in entering Turkey through a majority stake in leading retailer Migros Ticaret.Walmart has not submitted a formal bid, but has reportedly held meetings with the private equity-backed retailer in recent days. A deal would value the business at more than $4bn (£2.47bn), including debt.Migros Ticaret has ...