All Property articles – Page 31
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NewsAshley to invest millions in upgrading House of Fraser stores
Mike Ashley has pledged to invest hundreds of millions of pounds into House of Fraser in exchange for three-year rent holidays on the redeveloped stores.
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NewseBay unveils first UK concept store
eBay has launched a pop-up store in Wolverhampton which showcases products from small local businesses.
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NewsDebenhams creditors give CVA green light
Debenhams’ creditors have approved the department store chain’s CVA, paving the way for it to close 22 stores next year.
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AnalysisAnalysis: Is Mike Ashley remodelling the economics of the high street?
Sports Direct tycoon Mike Ashley is one of the retail industry’s great disruptors, but are his hardball tactics for renegotiating rents at his many chains remodelling the economics of high street retail?
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NewsCredit insurer Atradius slashes retail sector outlook
Credit insurance firm Atradius has downgraded the retail sector’s performance outlook for the year ahead from ‘fair’ to ‘poor’.
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsThe Hut Group snaps ups luxury hotel chain
The Hut Group has acquired boutique hotel group Eclectic Hotels in a bid to drive exposure of its beauty and wellbeing brands.
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AnalysisIn numbers: How Mike Ashley took over the high street
The number of retailers that Sports Direct founder Mike Ashley has acquired or invested in has surged 52.5% since 2015.
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NewsTesco urges online sales tax to fund business rates cut
Tesco has called for a 2% online sales tax to help fund a 20% business rates cut.
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GalleryStore gallery: B&Q launches smaller GoodHome format
B&Q has launched a new smaller store concept to offer its customers a more convenient way to shop for home and DIY products.
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AnalysisAnalysis: Will Arcadia's CVA be the final straw for landlords?
Could Sir Philip Green’s plan to shed stores through a CVA be a step too far for landlords? Hugh Radojev investigates
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NewsRetail rents fall as tough trading conditions take toll
The harsh trading environment drove down retail rents on prime properties in the first quarter of this year.
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NewsCotswold Outdoor owner launches CVA in bid to slash rents
Cotswold Outdoor’s parent company Outdoor & Cycle Concepts has launched a CVA proposal in a bid to stem falling profits, Retail Week has learned.
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OpinionOpinion: Will CVA rent reductions cut retailers' business rates?
2018 was dubbed the year of the CVA, allowing firms battling the structural changes taking place across Britain’s embattled high streets to not only close unprofitable stores hit by increasing cost pressures but to also seek rent reductions, often between 20% and 75%.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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OpinionOpinion: If Bezos sees bricks and mortar opportunity, so should other retailers
Well-known retail names are shrinking their store estates as fast as you can say CVA.
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NewsTopshop’s Green offers flagship as pension security
Topshop boss Sir Philip Green has proposed offering the flagship store on London’s Oxford Street as security to his Arcadia group’s pension funds as he seeks to restructure his fashion empire.
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NewsDebenhams sale process lambasted by Sports Direct’s Ashley
Sports Direct tycoon Mike Ashley has complained that the administrators of Debenhams are not conducting a “genuine” sale process.
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Retail VoiceHow to reboot dying high streets
It is pretty clear that UK high streets in their current traditional form are dying.
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News
Climate change protests cost West End retailers £12m
The ongoing Extinction Rebellion climate change protests in London have cost the city’s retailers £12m over the last two days, according to the New West End Group.