Latest property news – Page 16
-
NewsApple tells landlords to slash store rents
Apple is seeking steep cuts to the rents its pays in its UK store estate.
-
NewsBullring owner Hammerson raises cash after Covid hit
Retail property giant Hammerson is considering a rights issue and is in talks about an asset sale as it seeks to recover from the impact of the coronavirus pandemic.
-
NewsAmazon prepares to launch chain of Go stores in UK
Online giant Amazon intends to launch as many as 30 Amazon Go cashierless convenience stores in the UK.
-
NewsRetail vacancy rates climb as government scales back relief funds
Vacancy rates across UK shopping destinations increased to 12.4% in the second quarter of 2020, compared with 12.2% in the first quarter.
-
NewsJohn Lewis chair White sets out new course in strategy update
Department stores and grocery group John Lewis Partnership has revealed the direction it will take following a strategic review.
-
NewsWestfield hails ‘encouraging’ footfall in reopened malls
Property giant Unibail-Rodamco-Westfield (URW) has hailed an “encouraging footfall recovery” at its malls since they reopened following lockdown.
-
NewsMajestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
-
NewsCard Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
-
NewsGreggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
-
NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
-
NewsHigh streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.
-
NewsWeek five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
-
NewsHuawei makes UK retail debut with launch of three stores
Huawei is ploughing £10m investment into the launch of three stores on UK high streets over the next year, creating 100 new jobs.
-
NewsBensons bolsters tops team as it prepares to streamline store estate
Bensons for Beds has appointed a new chairman and strengthened its executive team in a bid to drive the business’ profitable growth.
-
NewsIntu slashes head office roles as future of centres hangs in the balance
Embattled landlord Intu has slashed jobs at both its London head office and one of its subsidiary property companies after collapsing into administration earlier this month.
-
NewsDunelm sales slide despite ‘significant’ online growth
Dunelm has posted a sharp drop in sales during its fourth quarter despite hailing “significant” growth in its online business.
-
NewsDixons Carphone profits tumble as coronavirus closures hit bottom line
Dixons Carphone has suffered a slump in full-year profits as sluggish performance in its mobile phone business and store closures sparked by coronavirus impacted its bottom line.
-
NewsBoots axes 4,000 jobs as coronavirus triggers business restructure
Boots is cutting 4,000 roles across its business in the wake of a dramatic fall in sales during the Covid-19 pandemic.
-
NewsMike Ashley’s Frasers Group refuses to pay rents
Mike Ashley’s Frasers Group has told landlords it will not pay rents until it is “fully able to freely trade as a business” again.
-
NewsJD Sports boss says retail CVAs will ‘accelerate’ post-coronavirus
JD Sports executive chair Peter Cowgill has said the rate of retail pre-pack administrations and company voluntary arrangements (CVAS) will pick up in the wake of the pandemic.