Latest property news – Page 37
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NewsDebenhams creditors give CVA green light
Debenhams’ creditors have approved the department store chain’s CVA, paving the way for it to close 22 stores next year.
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NewsCredit insurer Atradius slashes retail sector outlook
Credit insurance firm Atradius has downgraded the retail sector’s performance outlook for the year ahead from ‘fair’ to ‘poor’.
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsThe Hut Group snaps ups luxury hotel chain
The Hut Group has acquired boutique hotel group Eclectic Hotels in a bid to drive exposure of its beauty and wellbeing brands.
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NewsTesco urges online sales tax to fund business rates cut
Tesco has called for a 2% online sales tax to help fund a 20% business rates cut.
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NewsRetail rents fall as tough trading conditions take toll
The harsh trading environment drove down retail rents on prime properties in the first quarter of this year.
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NewsCotswold Outdoor owner launches CVA in bid to slash rents
Cotswold Outdoor’s parent company Outdoor & Cycle Concepts has launched a CVA proposal in a bid to stem falling profits, Retail Week has learned.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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NewsTopshop’s Green offers flagship as pension security
Topshop boss Sir Philip Green has proposed offering the flagship store on London’s Oxford Street as security to his Arcadia group’s pension funds as he seeks to restructure his fashion empire.
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NewsDebenhams sale process lambasted by Sports Direct’s Ashley
Sports Direct tycoon Mike Ashley has complained that the administrators of Debenhams are not conducting a “genuine” sale process.
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NewsHigh street benefits as Easter sun draws shoppers
Retail footfall climbed over the Easter holiday when shoppers hit the high street as the sun shone.
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Climate change protests cost West End retailers £12m
The ongoing Extinction Rebellion climate change protests in London have cost the city’s retailers £12m over the last two days, according to the New West End Group.
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NewsSports Direct to axe 300 jobs as it shutters Wigan warehouse
Sports Direct is set to close its warehouse in Wigan, Greater Manchester in June, with up to 300 roles to be cut as a result.
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NewsHigh street to lead Easter footfall revival
Retailers can expect much improved footfall across the long Easter weekend, driven by warmer weather and when holiday falls in the calendar.
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NewsMonsoon becomes latest retailer to mull potential CVA
Monsoon has said it is looking to “accelerate” the process of its store closures as it mulls a potential CVA in order to restructure its estate.
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NewsLord Rose criticises Mike Ashley for high street ‘oligopoly’ plans
Former Marks & Spencer boss Lord Stuart Rose has lambasted Mike Ashley over his plans to create a UK retail high street “oligopoly”, and said the sector is still too focused on bricks and mortar.
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NewsRetail footfall data shows shoppers reluctant to splash out
Footfall rose in March but the retail industry remains “in the midst of a no splurge culture”, the latest data indicates.
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NewsIntu hires digital strategy expert as non-exec
Intu has appointed the former chief digital officer at Travis Perkins to its non-executive board of directors.
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NewsWHSmith launches new pharmacy store concept
WHSmith has partnered with Well Pharmacy to open a new store concept in Gatwick Airport’s North Terminal.
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NewsArcadia revamps board as Green mulls restructure
Sir Philip Green has recruited two restructuring specialists to the board of Arcadia, as he mulls a potential CVA for his struggling fashion empire.