Latest property news
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WHSmith launches first own-brand food range in UK travel stores
WHSmith has launched its first ever own-brand food-to-go range, available in more than 300 of its UK travel stores.
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Asda to create new ‘town centre’ and build homes in London
Supermarket giant Asda has become the latest retailer to branch into residential property, unveiling plans to build 1,500 homes and create a new town centre in London.
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Ikea Oxford Street opening pushed back for second time
Ikea has pushed back the opening of its highly anticipated Oxford Street store for a second time.
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Revealed: The new Toys R Us locations opening in WHSmith this summer
Retail Week can exclusively unveil the first 17 locations for a new wave of Toys R Us shop-in-shops in WHSmith branches.
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Marks & Spencer to make ‘biggest single store investment’ in Fosse Park
Marks & Spencer is to undertake its “biggest single renewal investment to date” with an overhaul of its store in Fosse Park, Leicester.
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London Marathon helps boost April retail footfall
Retail footfall in April saw a monthly rise of 1.2% across all destinations as shoppers made their way to high streets, battling bad weather conditions and rail strike disruptions.
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Lidl targets big cities for next wave of store openings
Value grocer Lidl is seeking more locations in leading cities as it pursues an ambition to open “hundreds of new stores”.
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Co-op poaches new property boss from Lidl
The Co-op has named former Lidl executive Rachel Hargreaves as its new director of property, development and estates as part of its latest strategic growth push.
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WHSmith sales rise driven by growth in travel division
WHSmith has reported a growth in sales driven by strong performance by its travel division in the half-year ending February 29, 2024.
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Ikea owner could bring US food hall concept to UK in ‘not too distant future’
Ikea sister company Ingka Centres is considering a new food hall pilot it debuted in San Francisco in its plans for a Brighton shopping centre, Retail Week can reveal.
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Eid festival to return to Westfield following ‘record’ footfall last year
Unibail-Rodamco-Westfield (URW) has announced the return of the Eid festival following the huge success at Westfield London last year.
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Retail footfall sees ‘modest’ rise boosted by Easter weekend
Retail footfall in March increased across all destinations as the Easter weekend helped boost footfall.
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Boots sales rise as market share increases for 12th consecutive quarter
Boots has reported growth in both in-store and online sales in the three months ending February 29, 2024, as it delivered a retail market share growth for the 12th consecutive quarter.
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Wilko to open more new stores before Easter
Wilko will open two new stores on Good Friday (March 29) as the retailer continues the rollout of its new concept.
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WHSmith appoints new chief financial officer
WHSmith has appointed Max Izzard as its new chief financial officer, who will take over from Robert Moorhead.
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M&S claims victory in court battle over Marble Arch store
Marks & Spencer has claimed victory over its Marble Arch store plans after the High Court ruled Michael Gove’s decision to block the redevelopment was “unlawful”.
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Hammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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February footfall ‘saved’ by half-term holiday shoppers
Retail footfall across all locations increased in February as the school half-term drove shoppers to stores.
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Exclusive: Reserved confirms new London store as it ramps up UK expansion
Polish fashion retailer Reserved, which is owned by clothing conglomerate LPP, is set to open its fifth store in the UK later this year.
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Treasury to review VAT-free shopping ‘tourist tax’ ahead of Budget
The Treasury is reviewing the so-called ‘tourist tax’ on VAT-free shopping ahead of the spring Budget and could ditch the policy in a boost for retail.