Latest property news – Page 18
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NewsEG Group swoops for £100m Leon acquisition
EG Group, the petrol forecourts business whose billionaire founders also own supermarket chain Asda, have snapped up food-to-go business Leon for £100m.
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NewsTesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
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NewsJD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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NewsBoohoo buys London office as base for 600 staff
Fashion etailer Boohoo has acquired office premises in central London that will provide a base for 600 people.
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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NewsGovernment faces criticism as it hints at Covid certificates in stores
Coronavirus certificates could be needed to enter some high street shops from this summer, the government has hinted, as Labour pledged to vote against any such plans.
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NewsUnion hails ‘massive victory’ as Asda equal pay challenge fails in Supreme Court
Grocery chain Asda could be forced to pay out as much as £500m to employees following its latest setback in a long-running equal pay battle.
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NewsMore than 11,000 shops shut in 2020 as Covid hammers high streets
More than 11,000 shops closed their doors for good in the UK last year and another 18,000 could follow in 2021 as the coronavirus crisis hammers Britain’s high streets.
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NewsIceland launches Swift convenience format as Thorntons closes all 61 stores
Iceland has lifted the lid on plans to launch a new Swift convenience format as it bids to take a bigger slice of the lucrative food-to-go market.
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NewsStore closures hit record high of 48 per day in 2020
More than 17,500 stores closed in 2020, marking the biggest decline in shop numbers in over a decade.
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NewsCommercial evictions ban extended until end of June
The government has extended the commercial evictions moratorium until the end of June, in a move that will bring relief to struggling high street retail and hospitality businesses.
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NewsRetail footfall climbs in February with lockdown end in sight
Footfall across all retail destinations rose between January and February this year, as customers flocked back to stores in anticipation of the easing of lockdown restrictions.
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NewsAmazon Go to open first UK store this week
Amazon will open its first in a tranche of contactless grocery stores in the UK this week.
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NewsJohn Lewis plots ‘hundreds’ of shop-in-shops inside Waitrose stores
John Lewis plans to launch hundreds of shop-in-shops inside Waitrose stores and is also plotting a smaller “local” format as part of a radical overhaul of its portfolio.
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NewsNon-essential retail to open on April 12 if Covid conditions met
Non-essential retailers will be allowed to reopen shops in April, alongside gyms, hairdressers and outdoor hospitality, if strict conditions are met, according to plans set out by the prime minister.
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NewsM&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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NewsJohn Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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NewsArcadia property sales raise hopes for retailer’s pensioners
Pensioners at Sir Philip Green’s collapsed Arcadia fashion empire may receive more from their savings than originally feared, following property disposals.
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NewsBurberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.