All Property articles – Page 39
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NewsMarks & Spencer boss Rowe pledges to churn store estate
Marks & Spencer chief executive Steve Rowe has signalled further changes to the retailer’s store estate as part of his turnaround programme.
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OpinionTheo Paphitis: How to stay relevant against the odds
When I was trying to buy Ryman and approaching private equity businesses and banks to raise the money, I was told it was a dog of a business – they were wrong.
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NewsSports Direct acquires Evans Cycles in pre-pack deal
Sports Direct has snapped up Evans Cycles in a pre-pack administration deal, which will see it axe half of the retailer’s stores.
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DataIn numbers: Ten years of Westfield in the UK
Today marks the 10 year anniversary of the opening of Westfield London – and research revealed to mark the occasion has highlighted the property giant’s impact in the capital.
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NewsBusiness rates and online tax on Budget agenda
Chancellor Philip Hammond is expected to cut business rates by a third for about half a million small retailers in today’s Budget.
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GalleryStore gallery: Inside the Co-op's new On The Go format
The Co-op has lifted the lid on a new concept store designed to create “a quicker shopping experience” for customers buying food on the move.
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AnalysisAnalysis: Can battered Debenhams be turned around?
In last year’s annual report, Debenhams chief executive Sergio Bucher wrote: “We have built a plan that is good for our customers, good for our colleagues and, therefore, good for our shareholders.”
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AnalysisDebenhams results: Bold strategy or desperate measures?
Debenhams has posted its biggest statutory loss on record and revealed plans to close 50 stores. Here are the City’s divided reactions to the results.
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OpinionOpinion: Debenhams needs more drastic changes – and fast
Debenhams today announced the worst annual results in its 240-year history, with a staggering £491.5m loss.
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NewsDebenhams suffers biggest ever loss, plans 50 closures
Debenhams has slumped to its biggest ever statutory loss and revealed it is to accelerate store closures in a bid to transform its fortunes.
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OpinionRetail’s next tech tidal wave is closer than you think
It’s not just the high street that’s changing, it’s the entire retail landscape.
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NewsChancellor mulls £300m business rates lifeline
Chancellor Philip Hammond could offer high street retailers a lifeline by slashing business rates by £300m in the UK’s most deprived towns and cities.
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NewsDebenhams could close one third of stores
Debenhams could close one third of its stores following a string of profit warnings and poor trading.
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NewsIntu mulls potential bid from Whittaker-led consortium
Property giant Intu is considering a preliminary takeover offer from a consortium formed by Saudi Arabian and Canadian investors and led by John Whittaker.
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AnalysisData: Empty stores by parliamentary constituency
The business rates burden borne by retailers will increase by £180m, from next April. As high streets face further pressure, find out here how many stores lie empty in your area.
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NewsNew Look to exit China as 120 stores face axe
New Look is to pull the plug on its Chinese business as it focuses efforts on turning around its core UK division.
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NewsSports Direct acquires HoF Glasgow property for £95m
Sports Direct has bought House of Fraser’s property on Glasgow’s Buchanan Street outright in a bid to create the ‘Harrods of the North’.
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VideoWatch: Ikea unveils city centre format in strategic shift
Ikea has launched its first new-format city centre store on London’s Tottenham Court Road.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.