Latest property news – Page 20
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NewsUK retail footfall plummets to all-time low due to coronavirus lockdown
Retail footfall across the UK slumped to an all-time low in March as the impact of the coronavirus lockdown hit the high street hard.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsWHSmith launches equity fundraising to beat coronavirus downturn
WHSmith plans to raise cash through an equity issue as it battles the business impact of the coronavirus outbreak.
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NewsCoronavirus: Sainsbury’s pilots deliveries from ‘dark’ c-stores
Sainsbury’s is testing home deliveries through its rapid Chop Chop service from ‘dark’ convenience stores.
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NewsCoronavirus: Poundland puts 100 stores into ‘hibernation’
Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.
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NewsWHSmith and Sainsbury’s extend supply tie-up in hospital stores
WHSmith and Sainsbury’s have extended their supply partnership to hospitals to help support NHS staff during the coronavirus pandemic.
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NewsHammerson rental income plummets as struggling retailers fail to pay
Institutional landlord Hammerson said it only received about a third of the rent payments it was due for the second quarter of the year last week, as struggling retailers asked for coronavirus-related deferrals.
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NewsH&M threatens to walk away from leases without post-coronavirus sales revival
Swedish fashion giant H&M has threatened landlords with walking away from store leases if they do not see a return in turnovers to pre-coronavirus levels once the pandemic passes.
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NewsRetailers face ‘ticking time bomb’ on government’s coronavirus loans
Retailers without high credit ratings have warned the government they face “a ticking time bomb” if they are not given access to its coronavirus support loans.
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NewsCoronavirus: Intu receives less than a third of quarterly rent payments
Intu has removed its full-year financial guidance and warned that it may break banking covenants after receiving just 29% of its quarterly rent payments from tenants.
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NewsCoronavirus: Intu to slash service charges for retail occupants
Institutional landlord Intu is set to slash service charges in its shopping centres to help offset costs as a growing number of struggling retailers refuse to pay first quarter rents.
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NewsCoronavirus: JD Sports, Dunelm and ScS shut stores amid lockdown
A host of retailers including JD Sports, Dunelm, ScS and Games Workshop have confirmed that their stores will close following prime minister Boris Johnson’s address to the nation last night.
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NewsSports Direct bids to keep stores open during coronavirus crisis
Sports Direct is planning to keep all of its stores open during the coronavirus crisis despite the UK-wide lockdown implemented by the government.
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NewsCoronavirus: Non-essential shops shut as PM orders lockdown
All shops selling non-essential goods have been told to shut as part of strict new measures enforced by the prime minister to combat coronavirus.
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NewsRetail footfall declines worst on record as ‘true effect’ of coronavirus emerges
Retail footfall across the UK slumped to an all-time low last week as shoppers began to heed government advice to stay indoors, with London being the hardest hit.
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NewsCoronavirus: Arcadia shutters all stores across its stable of brands
Arcadia closed all stores across its stable of brands today in a bid to focus on its digital and social platforms.
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NewsRetail footfall plummets amid coronavirus crisis
Retail footfall has plummeted so far this week as shoppers increasingly stay at home amid the coronavirus crisis.
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NewsCoronavirus: TK Maxx to shutter UK store estate amid outbreak
TK Maxx will shutter its UK store estate as of tomorrow until further notice amid the coronavirus pandemic, Retail Week understands.
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NewsCoronavirus: Retailers call for rates relief as store closure fears grow
Retailers are banding together to call on the government for exemption from business rates if shops are forced to close because of the coronavirus outbreak, and have renewed demands for far-reaching reform.
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NewsCoronavirus: Kingfisher cautions on sales uncertainty as France locks down
DIY giant Kingfisher has warned of ”significant uncertainty on sales and demand” after closing its 221 stores in France.