Latest property news – Page 42
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NewsEvans Cycles stores to be shuttered despite profitability
Evans Cycles’ new owner Mike Ashley has decided to close half of its shops despite administrators advising that “almost all” of its stores make money.
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NewsAmazon to create 50,000 jobs in split HQ plan
Amazon has ended months of speculation by revealing that its new second headquarters will be split between New York and Arlington, Virginia.
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NewsIntu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
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NewsDebenhams appoints new property director
Debenhams has hired a new property director from the hospitality sector, replacing Rob Hadfield who has exited the retailer.
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NewsAshley prepares to close more House of Fraser stores
Sports Direct tycoon Mike Ashley is planning to shut more House of Fraser stores, it is understood.
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NewsRetail footfall dips in October as town vacancies rise
Footfall in October fell by 2% year on year in the 11th consecutive month of decline.
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NewsTesco, Sainsbury’s and Co-op win £300m ATM rates case
Tesco, Sainsbury’s and The Co-op have won their appeal against a ruling that meant retailers had to pay business rates for cash machines situated outside their shops.
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NewsStore closures soar to record levels in first half
Britain’s high street is weathering the most testing climate in five years as the gap between store closures and openings widens to record level.
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NewsMarks & Spencer boss Rowe pledges to churn store estate
Marks & Spencer chief executive Steve Rowe has signalled further changes to the retailer’s store estate as part of his turnaround programme.
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NewsSports Direct acquires Evans Cycles in pre-pack deal
Sports Direct has snapped up Evans Cycles in a pre-pack administration deal, which will see it axe half of the retailer’s stores.
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NewsWHSmith acquires US travel retailer InMotion
WHSmith has bought US travel retailer InMotion in a bid to strengthen its grip on the international travel market.
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NewsBusiness rates and online tax on Budget agenda
Chancellor Philip Hammond is expected to cut business rates by a third for about half a million small retailers in today’s Budget.
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NewsDebenhams suffers biggest ever loss, plans 50 closures
Debenhams has slumped to its biggest ever statutory loss and revealed it is to accelerate store closures in a bid to transform its fortunes.
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NewsChancellor mulls £300m business rates lifeline
Chancellor Philip Hammond could offer high street retailers a lifeline by slashing business rates by £300m in the UK’s most deprived towns and cities.
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NewsDebenhams could close one third of stores
Debenhams could close one third of its stores following a string of profit warnings and poor trading.
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NewsIntu mulls potential bid from Whittaker-led consortium
Property giant Intu is considering a preliminary takeover offer from a consortium formed by Saudi Arabian and Canadian investors and led by John Whittaker.
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NewsNew Look to exit China as 120 stores face axe
New Look is to pull the plug on its Chinese business as it focuses efforts on turning around its core UK division.
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NewsSports Direct acquires HoF Glasgow property for £95m
Sports Direct has bought House of Fraser’s property on Glasgow’s Buchanan Street outright in a bid to create the ‘Harrods of the North’.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.