All Shopping centres articles – Page 14
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NewsRetail footfall plummets to record low as lockdown bites
Retail footfall plummeted to an all-time low in April, as shoppers adhered to lockdown restrictions and stayed at home.
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NewsRetail vacancy rates inch up as BRC warns of worse to come
Retail vacancy rates have inched up during the first quarter of the year, with the ongoing coronavirus pandemic likely to cause further damage according to the BRC.
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NewsDebenhams to shut stores in Hammerson centres at cost of 1,400 jobs
Debenhams is to shut five stores in some of the UK’s most-high profile malls after failing to agree on terms with landlord Hammerson, Retail Week can reveal.
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NewsCustomer limits and no-contact returns policies on agenda for store reopenings
A limit on the number of customers allowed in a store at any one time and no-contact returns are just some of the measures being considered by the government ahead of any non-essential store reopenings.
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NewsIntu drafts in restructuring expert in battle for survival
Intu has drafted in a chief restructuring officer in a bid to beef up its turnaround efforts.
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NewsIntu could lose control of key shopping centres
Bondholders of debt secured against retail property giant Intu are preparing plans that could see them seize the retailer’s key assets as early as June.
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NewsHammerson’s £400m retail park deal in doubt as buyer tries to pull out
Institutional landlord Hammerson has said the previously agreed £400m sale of its retail park portfolio is hanging by a thread, as the prospective buyer is looking to pull out of the deal.
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OpinionOpinion: ‘Business as usual’ will be anything but as lockdown measures ease
Travel forward in time – a few weeks, a few months, into the new year? – and imagine how retail might operate when, like moles blinking in the sun, consumers can emerge and go shopping in person again.
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NewsUK retail parks weather lockdown better than high streets
Retail footfall across the UK fell to the lowest levels on record in March, although retail parks were better able to weather the storm compared with high streets and shopping centres.
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AnalysisAnalysis: How coronavirus will change retail rents forever
With all non-essential retail stores shut, struggling landlords have found retail occupants unwilling or unable to pay quarterly rents. Will the coronavirus lockdown change retail rents forever?
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NewsUK retail footfall plummets to all-time low due to coronavirus lockdown
Retail footfall across the UK slumped to an all-time low in March as the impact of the coronavirus lockdown hit the high street hard.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsCoronavirus: Poundland puts 100 stores into ‘hibernation’
Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.
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NewsHammerson rental income plummets as struggling retailers fail to pay
Institutional landlord Hammerson said it only received about a third of the rent payments it was due for the second quarter of the year last week, as struggling retailers asked for coronavirus-related deferrals.
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NewsH&M threatens to walk away from leases without post-coronavirus sales revival
Swedish fashion giant H&M has threatened landlords with walking away from store leases if they do not see a return in turnovers to pre-coronavirus levels once the pandemic passes.
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NewsCoronavirus: Intu receives less than a third of quarterly rent payments
Intu has removed its full-year financial guidance and warned that it may break banking covenants after receiving just 29% of its quarterly rent payments from tenants.
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NewsCoronavirus: Intu to slash service charges for retail occupants
Institutional landlord Intu is set to slash service charges in its shopping centres to help offset costs as a growing number of struggling retailers refuse to pay first quarter rents.
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NewsRetail footfall plummets amid coronavirus crisis
Retail footfall has plummeted so far this week as shoppers increasingly stay at home amid the coronavirus crisis.
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NewsIntu on the brink after reporting £2bn valuation loss
Shopping centre giant Intu has reported a £2bn loss for its last financial year and warned it is at risk of going under if it cannot raise more funds.
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NewsReading shopping centre owner wins permission for residential development
The owner of Reading’s Broad Street Mall shopping centre has gained planning permission to add new retail space as well as residential accommodation as part of its regeneration project.