All Property articles – Page 9
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OpinionWorldview: Walmart and Target prove the doomsters wrong on future of stores
When the pandemic shut stores across the US in early 2020, it did not take long for a chorus of doomsters to predict that the end was nigh for physical retail.
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GalleryStore gallery: Sports Direct hails ‘new era’ with £10m Oxford Street revamp
Sports Direct has lifted the lid on its newest store concept on London’s Oxford Street as it accelerates its “elevation” strategy.
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NewsGovernment gives retailers stay of execution with rent moratorium extension
The government has extended the commercial rent moratorium, preventing landlords from evicting tenants for failing to pay rent for another nine months.
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NewsDebenhams targets high street return as owner Boohoo bids to woo beauty brands
Debenhams is plotting a return to the high street under new owner Boohoo as it attempts to strike deals with major beauty brands.
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Opinion‘Ocado High Court ruling has big repercussions in on-demand grocery war’
“Disappointed” was Ocado’s verdict this week after it lost a High Court fight to open a new distribution centre in North London.
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Opinion‘After unprecedented times, we need some fresh ideas about retail property’
I’m not often given to quote from the Bible, but the phrase “there’s nothing new under the sun” is hard to avoid when considering some of the approaches to post-lockdown retail right now.
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NewsData: Retail sales grow at strongest rate since Covid crisis hit
Retail sales grew in May at their strongest rate since the coronavirus pandemic hit the UK last March as the reopening of hospitality venues boosted footfall and spend.
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NewsPandemic leaves retailers with £2.9bn in accumulated rent debt
The moratorium on aggressive debt collection from landlords is set to end next month, meaning thousands of retailers could face legal action as total rent debt is estimated to be £2.9bn.
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NewsJohn Lewis chair Sharon White calls for business rates replacement
John Lewis chair Sharon White has urged chancellor Rishi Sunak to replace the current business rates system with a new land tax to even the playing field between online and bricks-and-mortar retail.
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NewsFootfall edges up as high street shopper numbers rise
Retail footfall registered a modest week-on-week climb in the week ahead of hospitality reopening, although high streets were the only retail destination that registered growth.
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NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
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AnalysisWorldview: Key lessons from the USA’s retail sales rebound
Judging by some of the latest data on retail sales, which rose by over 30% in March, the US retail sector has not so much emerged from the pandemic into the sunlit uplands as come forth into a blazing heatwave.
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NewsTopshop Oxford Street flagship goes on sale for £420m
The sale of Topshop’s iconic Oxford Street flagship has kicked off, with a portion of the funds from the £420m sale allocated to Arcadia’s pension scheme.
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NewsOne in seven shops now empty as shopping centre vacancies spike
The number of retail vacancies increased across all shopping destinations and regions in the first quarter of 2021.
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NewsTesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
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OpinionPeter Williams: ‘To fully restart retail we need a return to pre-Covid behaviour’
When asked my views about looking forward for retail, the honest answer is: “I’m really not sure that I know.”
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NewsJD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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NewsBoohoo buys London office as base for 600 staff
Fashion etailer Boohoo has acquired office premises in central London that will provide a base for 600 people.
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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AnalysisWorldview: How Swarovski and Grocery Neighbour are reinventing the store
The Covid-19 pandemic is magnifying the need for retailers to rethink how physical space is used in the future.