All Property articles – Page 217
-
News
Carrefour to sell Malaysian operations to Aeon
Carrefour is selling its operations in Malaysia to Japanese retailer Aeon for E250m (£200.8m).Carrefour is the fourth-largest retailer in the country, with 26 hypermarkets and a turnover of E400m (£321.3m) for the year to June 30.According to Carrefour, the disposal reflects its strategy of “allocating resources to mature countries where ...
-
NewsGovernment pressured over business rates revaluation
Retail and property leaders are today calling on the Government to reconsider its decision to revalue business rates two years later than planned.
-
NewsH&M demands tough lease terms
Swedish fashion retailer H&M is understood to have drawn up a list of tough demands on UK landlords which has sent ripples through the retail property sector.
-
NewsComet owner OpCapita among its creditors
Comet owner OpCapita will be among the first in line for an estimated £60m that could be recovered from the collapsed electricals retailer which entered administration last week.
-
NewsDeloitte 'urgently' seeks Comet buyer
Comet stores are to continue to trade for the time being and staff will be paid, administrator Deloitte has said.
-
NewsWestfield Stratford City generates £900m of retail sales in first year
Westfield Stratford City generated £896m of retail sales in its first year with 47 million visitors entering the shopping centre.
-
NewsMary Portas backs call to freeze business rates
High street campaigner Mary Portas has lent her support to the Fair Rates for Retail campaign calling for a freeze in business rates next year.
-
AnalysisAnalysis: Catalogue takes a back seat as John Walden reinvents Argos
The retailer is overhauling its business model for the digital era.
-
AnalysisAnalysis: Portas Pilot Town - Mary Portas visits Liskeard
Mary Portas has defied critics on her crusade to revitalise the high street. John Ryan joins her in one of the Portas Pilot Towns.
-
News
H&M opens first shop in Latin America
Swedish fashion retailer H&M has opened its first shop in Latin America in Mexico, at Centro Santa Fe mall.The 45,000 sq ft flagship is the first H&M store to have a Quality Lab. The lab will feature extensive product testing, such as washing and safety, which will be carried out ...
-
NewsUK sales surge at Ikea as £30m investment pays off
Ikea has outperformed the tough big-ticket market to post a 6.3% rise in sales as well as market share gains as the furniture giant revamps its estate to introduce in-store theatre.
-
NewsThe Fragrance Shop plans larger stores for browsing customer
The Fragrance Shop is to opening larger, open format self-selection stores in high-footfall locations to cater for customers who want to browse product before buying.
-
News
Walmart plans to open 100 more stores in China
Walmart plans to open 100 more stores in China, creating 18,000 jobs, in the next three years.The retailer said the new stores will primarily be Walmart Supercenters and Sam’s Clubs. Walmart also intends to focus on improving the performance of stores and supply chain efficiency.
-
NewsAdministration looms for Comet
Electricals retailer Comet is likely to file an intention to appoint an administrator as early as tomorrow (Thursday), putting 7,000 jobs at risk, Retail Week can reveal.
-
News
Inditex plans 50 to 60 Russian store openings
Spanish clothing retailer Inditex aims to open 50 to 60 stores a year in Russia.The shops will open in major cities, with the first scheduled for 2013 in Vladivostok, in the Russian Far East.Inditex operates 274 stores in Russia at present – 58 under the Zara banner and the remainder ...
-
NewsHomebase focuses on store refits as it plans to close 40 stores
DIY retailer Homebase has shelved its expansion strategy to focus on store refits after outlining plans to shed 12% of its store base in the next five years as its multichannel sales grow.
-
News
Business rates dubbed the 'retail poll tax'
The chair of the All Party Parliamentary Retail Group has dubbed business rates the “retail equivalent of the poll tax”.
-
NewsMaplin secures £20m credit facility to fund expansion
Maplin has secured £20m of credit to fund its expansion plans for 100 new stores and an enhanced online retail offer.
-
OpinionComment: We must ease the bumps in business rates to protect local shops
The Government in committed to seeing healthy high streets and a thriving retail sector in Britain.
-
OpinionComment: The High Street: Who really cares?
This week the government have announced the formation of the Distressed Retail Property Taskforce (DRPT) to try and find ways of rejuvenating towns and cities – about time we say!