Latest property news – Page 4
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London Designer Outlet posts record sales
London Designer Outlet (LDO) has posted its best first-quarter results on record, with sales up 17% year on year.
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April footfall boosted by Good Friday and Easter Saturday shopping
Retail footfall increased in April as shoppers hit stores to spend ahead of Easter Sunday.
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Exclusive: Charity Super.Mkt confirms new location in bid to ‘reinvigorate’ high street
Retail Week can reveal that second-hand superstore Charity Super.Mkt will welcome shoppers in Manchester later this year as part of its bid to “reinvigorate” the high street.
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John Lewis set to downsize London HQ as staff favour working from home
John Lewis Partnership is set to exit its headquarters and search for new offices in central London “because it needs less space” as staff continue to work from home following the pandemic, according to a report in The Times.
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Nike to bring concept store to Manchester Arndale
The global sportswear giant is set to open a Rise concept store in Manchester’s Arndale centre.
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Carl Cowling banks on bumper summer to keep WHSmith travelling in right direction
WHSmith chief executive Carl Cowling has said the retailer is positioning its travel brand as a “one-stop shop for travel essentials” after reporting a surge in profit and revenue.
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WHSmith profits and revenues soar as travel division powers growth
WHSmith has posted a surge in profits and revenue in its first half as “strong momentum” continued across its UK and international travel business.
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Ikea’s property arm buys Parisian shopping centre to expand Livat format
Ikea’s property arm Ingka Centres has confirmed its acquisition of the Italie Deux shopping centre in Paris from retail property giant Hammerson, as well as its high-street extension Italik and the Apollo office complex.
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British Land splashes out £94m on three new retail parks
British Land has acquired three retail parks for £94m and sold its 50% stake in another out-of-town retail destination in Preston.
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Exclusive: Oxford Street has more empty shops than average British high street
London’s premier shopping thoroughfare is lined with more vacant units than the average British high street, Retail Week can reveal.
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EG Group hails ‘resilient performance’ in tough economic environment
Petrol forecourt company EG Group has reported a “resilient performance” through its foodservice, grocery and merchandise, and fuel services despite a tough year that saw elevated operating costs.
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Exclusive: Dwindling retail space under pressure as new development hits 20-year low
Pressure is being applied to new retail stock at a time when desire for new physical space is peaking and construction starts reached a 20-year low.
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WHSmith targets Paperchase customers with new stationery format offering
WHSmith is set to open high-end souvenir and stationery shops as it aims to fill the gap left by the closure of Paperchase stores.
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WHSmith hit by cyberattack as hackers gain access to employee data
WHSmith has been targeted in a cyberattack where hackers have accessed company data including information on past and present employees.
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Primark creates 250 new jobs as it doubles down on Stratford flagship
Primark is to double the size of its Westfield Stratford City store as part of its pledge to invest in new shops across the UK.
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Mike Ashley in talks to become rivals’ landlord with £100m shopping centre investment
Mike Ashley is poised to invest up to £100m in shopping centres in a bet that rising footfall will boost their popularity.
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Holland & Barrett to open concessions in WHSmith stores
Holland & Barrett is trialling an in-store concession with WHSmith Travel featuring a range of health, beauty and wellness products.
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New year footfall hit by strikes and economic uncertainty
Retail footfall in January has dropped significantly compared to the previous month due to train strikes and cash-strapped customers spending less after the festive season.
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Pets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.
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Store vacancies fall as retail boosted by tourism and office working
The number of unoccupied stores has dropped for the fifth consecutive quarter, according to vacancy rate figures from the BRC-LDC Vacancy Monitor.