Latest property news
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NewsIkea owner could bring US food hall concept to UK in ‘not too distant future’
Ikea sister company Ingka Centres is considering a new food hall pilot it debuted in San Francisco in its plans for a Brighton shopping centre, Retail Week can reveal.
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NewsEid festival to return to Westfield following ‘record’ footfall last year
Unibail-Rodamco-Westfield (URW) has announced the return of the Eid festival following the huge success at Westfield London last year.
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NewsRetail footfall sees ‘modest’ rise boosted by Easter weekend
Retail footfall in March increased across all destinations as the Easter weekend helped boost footfall.
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NewsBoots sales rise as market share increases for 12th consecutive quarter
Boots has reported growth in both in-store and online sales in the three months ending February 29, 2024, as it delivered a retail market share growth for the 12th consecutive quarter.
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NewsWilko to open more new stores before Easter
Wilko will open two new stores on Good Friday (March 29) as the retailer continues the rollout of its new concept.
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NewsWHSmith appoints new chief financial officer
WHSmith has appointed Max Izzard as its new chief financial officer, who will take over from Robert Moorhead.
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NewsM&S claims victory in court battle over Marble Arch store
Marks & Spencer has claimed victory over its Marble Arch store plans after the High Court ruled Michael Gove’s decision to block the redevelopment was “unlawful”.
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NewsHammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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NewsFebruary footfall ‘saved’ by half-term holiday shoppers
Retail footfall across all locations increased in February as the school half-term drove shoppers to stores.
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NewsExclusive: Reserved confirms new London store as it ramps up UK expansion
Polish fashion retailer Reserved, which is owned by clothing conglomerate LPP, is set to open its fifth store in the UK later this year.
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NewsTreasury to review VAT-free shopping ‘tourist tax’ ahead of Budget
The Treasury is reviewing the so-called ‘tourist tax’ on VAT-free shopping ahead of the spring Budget and could ditch the policy in a boost for retail.
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NewsRetail footfall rallies as shoppers stay ‘bargain-focused’
Retail footfall continued on its downward trajectory in January compared to the previous year, but it improved from December as consumers remained “particularly bargain-focused”.
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NewsRetail footfall resilient despite storms and strikes
Footfall across all UK retail destinations was resilient in January despite disruptions caused by rail strikes, according to the latest MRI Software data.
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NewsMorrisons takes stake in MFG as it offloads petrol stations
Morrisons and Motor Fuel Group (MFG) have entered an agreement whereby the former will take a £2.5bn minor stake and the latter will acquire 337 of the grocer’s petrol stations.
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NewsWHSmith sales soar driven by ‘strongest ever’ travel division
WHSmith posted growth in sales in the 20 weeks to January 26, 2024, as it achieved its “strongest ever position as a global travel retailer”.
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NewsMorrisons to sell petrol forecourts in £2.5bn deal
Grocery giant Morrisons is on the brink of sealing a £2.5bn deal with CD&R-owned Motor Fuel Group to sell its petrol forecourts.
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NewsBattersea Power Station sales soar as Christmas boosts footfall
Battersea Power Station has reported a strong second Christmas as sales at the destination soared year on year and December proved to be its busiest of 2023.
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NewsExclusive: WHSmith appoints GXO as UK logistics partner
WHSmith has appointed GXO as its new outsourced logistics partner in the UK, Retail Week can reveal.
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NewsShoe Zone profits rise following strong key period trading
Shoe Zone has posted a rise in full-year profits after ”strong and consistent results throughout the key trading periods.”
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NewsChristmas shopping boosts December footfall
Retail footfall across all UK destinations increased in December as shoppers flocked to stores ahead of Christmas.