All Property articles – Page 22
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NewsM&S set to downsize biggest flagship stores
Marks & Spencer is to downsize around 20 of its largest stores in expensive city-centre locations as part of its turnaround plan.
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NewsSports Direct puts Lillywhites London lease up for sale
Sports Direct’s lease of the six-floor Lillywhites store on London’s Piccadilly has reportedly been put on the market.
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsQuiz targets rent reductions in bid to turnaround flagging store estate
Quiz has said it is in discussions with landlords on stores with leases coming up to expiry looking for an average of 30% rent reductions as it battles to turnaround the flagging fortunes of its estate.
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NewsOcado to open ‘mini’ customer fulfilment centre
Ocado has revealed it is opening a sixth customer fulfilment centre in Bristol as part of ongoing growth plans.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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OpinionTOFS CEO: A CVA isn’t a quick fix – but it was right for our business
The growth in ecommerce, the much-discussed high rents and business rates, combined with lower high street and retail park footfall and rising wage costs have created the perfect storm in our industry – one that is proving very challenging to weather.
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NewsBaird Group appoints Savills to spearhead store expansion
Menswear specialist Baird Group has appointed real estate advisor Savills to spearhead the growth of its store portfolio across the UK and Europe.
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NewsIkea profits fall despite sales rise
Ikea’s full-year profits fell despite its online sales soaring 50%.
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NewsRevo names Vivienne King chief executive as Cooke departs
Revo has named Vivienne King as its new chief executive, replacing departing boss Ed Cooke who will be stepping down after 11 years in March.
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NewsIntu sells retail park as disposal programme continues
Institutional landlord Intu has completed the sale of an out-of-town retail park in Northern Ireland to NewRiver, as its chief executive continues his focus on fixing the business’ balance sheet through disposals.
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OpinionOpinion: Experiential retail is key to store success in the digital era
It is no secret that traditional ‘bricks and mortar’ retailers have come under intense pressure in the digital era.
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GalleryIn pictures: Glossier unveils London pop-up store
Beauty brand Glossier has made its second foray into bricks and mortar in the UK with the launch of a pop-up on London’s iconic Floral Street.
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NewsHammerson sells retail park as disposals programme continues
Institutional landlord Hammerson has sold a Gloucester retail park for £54m to the local authority, as it continues its asset disposal programme in order to balance its books.
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GalleryIn pictures: Former BHS store transformed in to UK’s biggest food hall
Market Halls has taken over part of the former BHS store on London’s Oxford Street to open its flagship venue – a 35,000 sq ft food hall.
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GalleryIn pictures: Vans opens new flagship in former Miss Selfridge
Vans has revealed its new flagship store on London’s Oxford Street formerly Miss Selfridge’s.
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AnalysisFrom start-up space to art galleries: Four inventive examples of filling empty shops
With the number of high street vacancies soaring, Retail Week looks at the interesting tactics some landlords have used to fill empty units.
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NewsBritish Land retail property portfolio haemorrhages tenth of value
British Land is the latest institutional landlord to suffer as the high street malaise reduced its retail property portfolio values by a tenth.
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NewsWest End to receive £2.9bn ‘rebirth’ fund
London’s Oxford Street and its surrounds are set to receive £2.9bn in additional investment by the end of 2022, which will “catalyse the birth of a new West End”.
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OpinionPeter Williams: In 2019, retailers may as well pull Christmas forecasts from a hat
With the peak trading season for many retailers just kicking off, this is the time of year for finance directors to be at their most anxious as they focus on their forecasts for the financial year.