Latest property news – Page 11
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NewsNike to bring concept store to Manchester Arndale
The global sportswear giant is set to open a Rise concept store in Manchester’s Arndale centre.
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NewsCarl Cowling banks on bumper summer to keep WHSmith travelling in right direction
WHSmith chief executive Carl Cowling has said the retailer is positioning its travel brand as a “one-stop shop for travel essentials” after reporting a surge in profit and revenue.
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NewsWHSmith profits and revenues soar as travel division powers growth
WHSmith has posted a surge in profits and revenue in its first half as “strong momentum” continued across its UK and international travel business.
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NewsIkea’s property arm buys Parisian shopping centre to expand Livat format
Ikea’s property arm Ingka Centres has confirmed its acquisition of the Italie Deux shopping centre in Paris from retail property giant Hammerson, as well as its high-street extension Italik and the Apollo office complex.
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NewsBritish Land splashes out £94m on three new retail parks
British Land has acquired three retail parks for £94m and sold its 50% stake in another out-of-town retail destination in Preston.
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NewsExclusive: Oxford Street has more empty shops than average British high street
London’s premier shopping thoroughfare is lined with more vacant units than the average British high street, Retail Week can reveal.
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NewsEG Group hails ‘resilient performance’ in tough economic environment
Petrol forecourt company EG Group has reported a “resilient performance” through its foodservice, grocery and merchandise, and fuel services despite a tough year that saw elevated operating costs.
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NewsExclusive: Dwindling retail space under pressure as new development hits 20-year low
Pressure is being applied to new retail stock at a time when desire for new physical space is peaking and construction starts reached a 20-year low.
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NewsWHSmith targets Paperchase customers with new stationery format offering
WHSmith is set to open high-end souvenir and stationery shops as it aims to fill the gap left by the closure of Paperchase stores.
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NewsWHSmith hit by cyberattack as hackers gain access to employee data
WHSmith has been targeted in a cyberattack where hackers have accessed company data including information on past and present employees.
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NewsPrimark creates 250 new jobs as it doubles down on Stratford flagship
Primark is to double the size of its Westfield Stratford City store as part of its pledge to invest in new shops across the UK.
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NewsMike Ashley in talks to become rivals’ landlord with £100m shopping centre investment
Mike Ashley is poised to invest up to £100m in shopping centres in a bet that rising footfall will boost their popularity.
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NewsHolland & Barrett to open concessions in WHSmith stores
Holland & Barrett is trialling an in-store concession with WHSmith Travel featuring a range of health, beauty and wellness products.
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NewsNew year footfall hit by strikes and economic uncertainty
Retail footfall in January has dropped significantly compared to the previous month due to train strikes and cash-strapped customers spending less after the festive season.
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NewsPets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.
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NewsStore vacancies fall as retail boosted by tourism and office working
The number of unoccupied stores has dropped for the fifth consecutive quarter, according to vacancy rate figures from the BRC-LDC Vacancy Monitor.
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NewsRetail footfall shows green shoots of post-pandemic recovery
Footfall increased across retail over the 12 months of 2022, slightly improving from pandemic figures.
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NewsHammerson to diversify Bullring and Grand Central with VR experiences
Sandbox VR, an advanced virtual reality experience, is set to open its largest unit and first UK location outside London this summer in the Bullring and Grand Central, Birmingham.
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NewsCMA launches inquiry into £600m Asda forecourt c-stores deal
The Competition and Markets Authority (CMA) has launched an inquiry into Asda’s proposed £600m acquisition of 129 Co-op forecourt convenience stores.
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NewsWHSmith in ‘strongest ever position’ as international travel opens up
WHSmith is in its “strongest ever position as a global travel retailer” after travel revenues across its UK and international travel businesses soared.