All Property articles – Page 214
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News
Walmart announces plans to enter cash and carry market
Walmart has announced plans to enter the cash and carry business with the launch of membership fascia Central Mayorista.The first store, boasting a sales area of 37,700 sq ft, is scheduled to open in Puente Alto, Santiago, in the first quarter of next year.Central Mayorista will be aimed at retailers, ...
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NewsHamleys profits advance after global drive
Pre-tax profits at iconic toy retailer Hamleys soared 283% to £2.3m last year, driven by sales growth at its newly refurbished Regent Street flagship and expansion of its international franchise operations.
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NewsPhilip Clarke set to axe loss-making Fresh & Easy
Tesco chief executive Philip Clarke has nailed his colours to the mast with the launch of a strategic review of the retailer’s loss-making US business, Fresh & Easy, and the departure of highly regarded deputy chief executive Tim Mason.
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News
Lidl reveals Greek investment plan
German Schwarz Group’s discount grocer Lidl has revealed a Greek investment plan of E100m (£81.1m) over the next three years.Lidl plans to open new stores, renovate shops and warehouses and invest in promotions and special offers. “Despite the current unfavourable market conditions, Lidl Hellas will continue to support the country,” ...
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GalleryIn pictures: Mo Farah unveils new Virgin Media store format
Virgin Media has unveiled a new format store featuring a living room in store and interactive shopping walls.
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NewsComet: List of further stores to close
Comet has confirmed the locations of further store closures. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found.
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News
Footfall fell 3.7% year-on-year last week
Footfall fell 3.7% year-on-year in the week ending December 1, according to the British Retail Consortium-Springboard Footfall Monitor.
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News
Auchan plans to invest in Russian market
French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores ...
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GalleryIn pictures: Zara's new Oxford Street flagship
Zara is set to open the doors to its new Oxford Street flagship tomorrow, its fourth on the famous shopping street.
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NewsPretty Green eyes Regent Street flagship
Liam Gallagher’s menswear brand, Pretty Green, aims to open a flagship store on London’s Regent Street as part of a wider property review of its stores in the capital.
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OpinionComment: Look after the retailers of the future
It is not uncommon for British prime ministers to call on the Blitz spirit when they want to appear statesmanlike, and David Cameron certainly evoked some Churchillian rhetoric last week.
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OpinionComment: Pop-ups mean trouble
The life has gone out of many pop-ups and they’re there because they have to be.
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NewsThe future of Comet hangs in the balance
Comet’s future hangs in the balance as crunch talks between administrator Deloitte and potential white knight Clive Coombes commence today.
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NewsEnterprise Zone investment to boost innovation at Boots
Larger research and development site will provide extra capacity to realise retailer’s US ambitions.
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NewsRetailers cut back to cope with rates rise
Retailers are poised to slash investment and make redundancies if next year’s proposed business rates hike goes ahead.
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News
Electronics specialist Darty to sell Italian business
French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake.Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last fiscal ...
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NewsJ Crew signs for first UK store
J Crew has signed up for its first UK store, taking Burberry’s former Regent Street site.
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NewsComet: List of stores to close next week
Comet is to close 12 stores on the December 3. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found.
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NewsShop vacancy rates fall to 2012 low
Shop vacancy rates in the UK decreased “significantly” in October to their lowest level in 2012.
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NewsPhase Eight to open first West End store
Womenswear retailer Phase Eight will unveil its first West End store in February showcasing a new store design.