Latest property news – Page 13
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NewsData: Store closures slow in ‘remarkable’ post-pandemic retail recovery
The recovery of physical retail stores and leisure destinations has been “remarkable” given the ongoing economic headwinds facing the sector, according to a new report.
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NewsWilko moves to monthly rent payments to manage cash flow
Wilko has shifted to monthly rental payments in a bid to conserve cash heading into the crucial golden quarter.
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsUpdated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.
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NewsDepartment stores could be given protected status
Department stores in England could be given protected status after the body that looks after historic buildings launched a review of high streets across the country.
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NewsAmazon pulls back on UK grocery store expansion ambitions
Amazon has paused the rollout of its checkout-free store grocery format in the UK following disappointing sales.
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NewsFlannels and Sports Direct secure Next Beauty & Home store for new flagship
Frasers Group has swooped on the Next Beauty & Home store in the Metrocentre in Gateshead as the site for a new two-in-one North East flagship.
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NewsFootfall weakens across UK but regional cost-of-living divide emerges
While retail footfall has fallen across all parts of the UK, the cost-of-living crisis is deepening existing financial disparities between North and South.
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NewsShop vacancies fall for third quarter in a row
The national store vacancy rate has improved for the third quarter in a row but is still above the pre-pandemic level.
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NewsWaitrose launches food hall partnership with Dobbies to drive convenience ambitions
Waitrose has teamed up with Dobbies to roll out a dedicated food offer across 50 of its garden centres over the next two years.
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NewsFootfall hammered by cost-of-living concerns despite platinum jubilee boost
Shopper numbers were boosted by the platinum jubilee in June, but footfall is expected to remain behind pre-pandemic levels for the “foreseeable future” as the cost-of-living crisis impacts consumer behaviour.
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NewsPret a Manger strikes deal with Reliance to expand into India
Pret a Manger has joined forces with Reliance Industries to expand into India.
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NewsExclusive: Freshly Cosmetics shutters Carnaby Street store after six months
Spanish beauty brand Freshly Cosmetics has closed its store on Carnaby Street, London, after just six months of trading.
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NewsCity centre footfall battered by rail and tube strike chaos
Footfall dropped across city centre shopping destinations as people opted to stay home and avoid the strikes.
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NewsM&S ‘bewildered and disappointed’ by Gove’s Marble Arch intervention
Marks & Spencer has reacted angrily to Michael Gove’s decision to call in the planned redevelopment of its flagship Marble Arch premises.
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NewsWest End retail property giants press button on merger
Property companies Shaftesbury and Capco are to merge, bringing the control of some of central London’s best-known shopping districts under single ownership.
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NewsWHSmith sales soar ahead of pre-pandemic levels as travel recovers
WHSmith has reported sales ahead of pre-pandemic levels for the first time as revenues soared off the back of a strong recovery in travel.
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NewsOxford Street candy stores investigated over tax affairs
Thirty American-style candy stores on London’s Oxford Street are under investigation for allegedly failing to pay £7.9m in business rates.
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NewsHome-working shift threatens ‘permanent scarring’ for city centre trading
The switch to working from home will hit urban retail locations permanently if sustained at present levels, a leading shopper footfall monitor has warned.
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NewsGreggs sales rise with travel back on the menu
Greggs has said that transport locations have recovered most as it continues to see sales rise.