Latest property news – Page 13
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NewsThousands more non-essential stores to close in tier four areas from Boxing Day
Non-essential retailers face the prospect of closing thousands more stores with new swathes of the UK set to be plunged into tier four restrictions from Boxing Day.
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NewsTier four non-essential retail closures will have ‘severe’ consequences
‘Non-essential’ retailers in London and the Southeast of England have been forced to shut shops in the final week of Christmas trading under new tier four restrictions.
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NewsGovernment extends commercial evictions ban until April
The government is extending the moratorium on commercial tenant evictions until March 31, 2021.
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NewsPrimark’s Paul Marchant: Anyone who thinks shopping in person is over is naïve
Primark boss Paul Marchant has launched a passionate defence of physical retail and called for more investment to be ploughed into Britain’s high streets in the wake of the coronavirus crisis.
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NewsB&M and Pets at Home follow grocers and forego rates relief
Value giant B&M and specialist retailer Pets at Home have become the latest retailers to waive business rates relief after Tesco sparked a spate of such initiatives earlier this week.
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NewsNon-essential retail to reopen next week as Johnson pledges end to national lockdowns
The prime minister has confirmed all non-essential retailers will be allowed to reopen stores next week, as he pledged an end to national lockdowns in future.
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NewsPret a Manger to launch hot dinner menu this week
Pret a Manger will launch a range of hot dinner options this week as it ramps up its response to the coronavirus crisis.
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NewsLandsec signals further fall in rents likely
Landsec, the retail property group, expects shopping centre rents to fall because of the impact of the Covid pandemic and an “ongoing structural shift to a lower rent model”.
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NewsRetail sales rise in October boosted by pre-lockdown splurge
Retail sales recorded a year-on-year uplift in October, which British Retail Consortium (BRC) boss Helen Dickinson says demonstrated many retailers “finding their footing” prior to the second lockdown.
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NewsMike Ashley fails to match Debenhams price tag and retracts offer
Mike Ashley is out of the running to acquire Debenhams after refusing to match the £300m price tag for the beleaguered department store chain.
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NewsM&S boss Rowe calls for extended Sunday trading before Christmas
Marks & Spencer chief executive Steve Rowe has joined Primark in calling for extended trading hours in the run-up to Christmas.
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NewsCurrys PC World and The Entertainer extend pre-lockdown opening hours
Curry PC World and The Entertainer are both extending opening hours in the run-up to the closure of ‘non-essential’ stores on Thursday.
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NewsJohn Lewis gets go-ahead to turn half of Oxford Street flagship into offices
John Lewis has been given the green light to transform almost half of its flagship Oxford Street store into office space.
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NewsCath Kidston reveals plans for ‘digital first’ future
Fashion and homewares retailer Cath Kidston has unveiled a ‘digital first’ strategy as it seeks a turnaround following its collapse earlier this year.
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NewsQuiz profits plummet as online shift takes toll
Fashion retailer Quiz has reported a plunge in full-year earnings but maintained restructuring measures will ultimately enable it to return to profitable growth.
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NewsIntu Metrocentre taken over by Sovereign Centros
Shopping centre operator Sovereign Centros has taken ownership of the Metrocentre in Gateshead, as the assets of former institutional landlord Intu continue to be sold off.
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NewsDobbies launches first small-format urban store
Garden centre group Dobbies will open the doors to a new small-format store next month.
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NewsSky set to launch network of ‘social hub’ high street stores
Sky is opening a network of high street stores for the first time, with its first outlet set to launch in Liverpool next week despite local lockdown restrictions.
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NewsLiverpool footfall plummets to July levels in first week of Tier 3 restrictions
Footfall in Liverpool has plunged to levels last seen at the end of the national lockdown in the summer, in the week since it became the first city to be placed into the government’s highest tier of Covid-19 restrictions.
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NewsEdinburgh Woollen Mill to seek extended protection from creditors
Edinburgh Woollen Mill is likely to seek a 10-day extension of protection from creditors as the owners seek to save as much of the business as they can.