Latest property news – Page 32
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NewsIn pictures: Poundland makes grocery push as it launches frozen food pilot
Poundland has rolled out a fresh and frozen food range comprising 350 new product lines at it Ashbourne store in Derbyshire in a bid to get shoppers to do their full weekly shops with the retailer.
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NewsSports Direct hits back over HoF closures speculation
Sports Direct has lashed out at reporting over the weekend which said it was planning to close down its entire House of Fraser store estate after Christmas.
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NewsJohn Lewis demands service charge cuts from landlords
John Lewis & Partners has become the latest retailer to demand better terms from landlords.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsLandlord drops Monsoon Accessorize CVA challenge
British Land has dropped a legal challenge to fashion retailer Monsoon Accessorize’s CVA.
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NewsHammerson mulls breaking HoF leases to repurpose space
Hammerson is in discussions about proactively breaking at least two House of Fraser leases in flagship schemes as it continues to strategically reduce its exposure to department store anchors.
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NewsMarks & Spencer and Richer Sounds to pilot concession tie-up
Marks & Spencer is to introduce Richer Sounds as a concession partner as part of the ongoing overhaul of its store proposition.
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NewsSmiggle ratchets up pressure on landlords
The Australian owner of stationery retailer Smiggle has laid the groundwork to increase the pressure on landlords in upcoming lease negotiations by aligning store fit-out costs with break clauses.
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NewsAmazon bolsters property team as it eyes bricks-and-mortar roll-out
Amazon has poached Central England Co-operative trading executive Matt Birch as it builds its UK property expertise.
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NewsDebenhams wins High Court battle with landlord to secure CVA
Debenhams has won a High Court battle with a landlord to secure its CVA, paving the way for the department store to shut 50 shops.
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NewsRiver Island profit halves as it ramps up investment
River Island has posted a steep fall in earnings after ploughing cash into improving the business to ensure it is future-fit.
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NewsMike Ashley swoops on Hertfordshire retail park in cut-price deal
Sports Direct tycoon Mike Ashley is poised to add a retail park in Hertfordshire to his growing list of acquisitions.
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NewsForever 21 vows to keep ‘vast majority’ of US stores
Forever 21 has vowed to continue operating “the vast majority” of its US stores despite suggestions it is about to file for bankruptcy.
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NewsIntu circled by buyout firms as it faces £1bn debt crunch
Retail property giant Intu is reportedly being considered for a private equity buyout by Orion Capital Managers.
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NewsH&M squares up to landlords with aggressive rents stance
H&M has butted heads with landlords after demanding that new rent agreements deduct returns from revenue.
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NewsFootfall suffers ‘downwards trajectory’ in late summer
UK retailers suffered a tough end to the summer, as footfall continued its “downward trajectory” with little sign of the trend reversing soon.
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NewsHMV set to unveil new experiential Birmingham flagship
HMV will open a new flagship in Birmingham city centre next month which will act as a live music space and focus on vinyl records.
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NewsShoe Zone issues profit warning as chief executive exits
Shoe Zone chief executive Nick Davis has resigned from his role as the retailer warns that full-year profits will be below expectations due to “tough high street trading”.
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NewsAlibaba launches first European store in Spain
Alibaba has opened its first physical store in Europe on institutional landlord Intu’s Xanadú scheme in Madrid.
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NewsForever 21 poised to file for bankruptcy in US
Forever 21 is poised to file for bankruptcy in the US after talks over a potential refinancing deal stalled.