Latest property news – Page 39
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NewsClarks shutters Somerset factory with loss of 35 jobs
Clarks has closed its only remaining UK manufacturing hub in Somerset with the loss of 35 jobs, Retail Week can reveal.
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NewsAmazon to open dozens of supermarkets across US
Amazon is set to open dozens of grocery stores across the US in major cities including San Francisco, Seattle, Chicago, Washington, DC and Philadelphia.
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NewsHammerson to splash cash on events to drive footfall
Shopping centre landlord Hammerson will ramp up investment in events and hotels as it bids to tackle ailing footfall and sales.
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NewsAldi opens new £50m distribution centre in the Southeast
Aldi has opened a new £50m distribution centre to help it expand its store network in the Southeast.
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NewsHammerson ramps up sell-off ambitions as profits fall
Hammerson has posted a decline in its full-year property values in what boss David Atkins described as “a tough year, particularly for the UK”.
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NewsMPs call for online sales tax to save high street
A parliamentary inquiry has called for a new online sales tax to “level the playing field” and provide “meaningful relief” to high street retailers.
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NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
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NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
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NewsEdinburgh Woollen Mill boss Day eyes M&S stores
Retail entrepreneur Philip Day, owner of Edinburgh Woollen Mill, hopes to snap up stores being closed by Marks & Spencer.
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NewsAmazon ditches plans for second HQ in New York
Amazon has rolled back plans to open its second US headquarters in New York following political backlash over the tax subsidies the firm would have received.
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NewsWestfield Croydon construction faces fresh delay
Westfield has blamed the “economic and political outlook” and “structural changes” in retail for a fresh delay to its planned development in Croydon.
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NewsWest End retailers braced for April business rates hike
John Lewis, Primark, Debenhams and Selfridges will suffer some of the sharpest increases in business rates on their flagship West End stores, new research has found.
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NewsCo-op to launch 'significant number' of franchise stores
The Co-op is to launch franchise stores for the first time in its history as part of its aggressive expansion plans.
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NewsInternational partners stand by Ocado after warehouse fire
Three of Ocado’s international partners have pledged to press ahead with their technology deals, despite the fire that ravaged one of the online grocer’s warehouses.
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NewsOcado mulls new warehouse after Andover fire
Ocado is considering opening a new warehouse after its customer fulfilment centre in Andover was devastated by fire.
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NewsHMV's new owner: We'll be profitable 'by the end of the year'
HMV’s new owner Doug Putman has insisted the music store chain will be profitable “by the end of the year.”
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NewsWestfield London to open venue and events space
Westfield London has unveiled plans to open a new venue and events space to offer customers more experiences alongside shopping.
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NewsBrightHouse to close 10% of stores with up to 350 job losses
Rent-to-own specialist BrightHouse intends to shut 30 stores with the loss of up to 350 jobs, Retail Week has learned.
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NewsMonsoon asks landlords for rent reductions
Monsoon has asked landlords for rent cuts as it mulls accelerating the pace of its store closures.
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NewsDebenhams may close 20 stores as it secures cash injection
Debenhams is considering launching a CVA in a bid to counteract the burden of its onerous rental agreements on its finances, having secured a cash injection.