Latest property news – Page 45
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NewsIntu hit by falling retail property values
Shopping centre group Intu reported that weak sentiment towards the retail property market has led to a decline in value of its properties of £650.4m – a 6% fall.
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NewsEvans Cycles narrows losses as sales edge up
Evans Cycles has reported reduced losses at the full-year mark as the retailer pumped up sales through rising demand for e-bikes.
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NewsHammerson unveils new premium strategy as sales slip
Shopping centre owner Hammerson will pursue a new premium-centric strategy in a bid to weather the retail downturn.
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NewsIkea to open on Tottenham Court Road in city centre push
Ikea will open a new store on London’s Tottenham Court Road as part of a global city centre strategy.
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NewsTesco prepares to launch discount chain within weeks
Tesco could launch a new discount chain as early as September as Britain’s biggest grocer prepares to go toe-to-toe with Aldi and Lidl.
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NewsHouse of Fraser landlords launch legal challenge to CVA
Landlords have lodged a legal challenge in a bid to overturn House of Fraser’s company voluntary arrangement (CVA).
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NewsAgenda: Joules, McColl's, Hammerson, grocery data
Retail Week looks ahead to the next seven days, with updates from Joules, McColl’s, property giant Hammerson and Kantar-Nielsen all coming up.
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NewsPoundworld axes warehouses and all shops, 2,600 jobs lost
Poundworld is set to axe over 2,600 jobs across its distribution centres, as well as shuttering its remaining 190 stores.
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsSainsbury’s and WHSmith launch food-to-go trial
Sainsbury’s will supply a “limited range” of its food-to-go offer in a handful of WHSmith’s stores on a trial basis.
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NewsMarks & Spencer to axe 350 store management roles
Marks & Spencer is planning a fresh wave of more than 350 job cuts in a drive to simplify its store management teams.
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NewsFootfall stuck in worst rut for three years
Footfall slipped for the seventh consecutive month as the warm weather sparked a sharp decline in shopping centre visits in June.
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NewsPoundworld: 80 more stores and 1,000 jobs to go
Poundworld administrators will close another 80 stores next week, on top of the 25 already set to close this weekend.
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NewsPoundworld to close 25 stores, axing 242 jobs
Poundworld is closing 25 of its 355 branches this week including stores in Birmingham, Manchester and Nottingham.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.
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NewsProperty giant British Land voted against HoF CVA
Landlord giants including British Land, Derwent and Reuben Brothers tried to block House of Fraser’s controversial CVA last month, according to documents seen by City AM.
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NewsRetail industry associations demand business rates reform
Retail industry trade bodies the BRC and Revo have called for urgent reform of the business rates system as Bill Grimsey’s second high street review was published.
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NewsSecond Grimsey review calls for action to avoid ghost towns
Local authorities need more power and stronger leadership to reinvigorate town centres in England and Wales, the latest report on the state of the high street by veteran retailer Bill Grimsey has warned.