Latest property news – Page 136
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News
French retailer Auchan gets green light for Real hypermarkets acquisition
French retailer Auchan has been given the green light for its acquisition of Metro Group’s Real hypermarkets in Ukraine, along with its property division.Metro Group only has two Real stores in Ukraine, one in Kiev and the other in Odessa.
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Central Retail Corporation buys Copenhagen department store
Thailand-based multi-format operator Central Retail Corporation has entered Denmark by acquiring Illum, a famous Copenhagen department store.The company plans to invest THB2bn (£45m) to renovate the store over the next four years. Central Retail chief executive Tos Chirathivat said the renovation would help Illum boost its income from THB5bn (£112.6m) ...
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Ahold completes sale of ICA stake
Grocer Ahold has completed the sale of its stake in Scandinavian retailer ICA to Hakon Invest of Sweden.Ahold held 60% in grocer ICA and jointly shared a controlling interest with Hakon Invest.In February, the latter agreed to buy Ahold’s stake for SEK21.2bn (£2.14bn) in cash.
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NewsUS toughest retail market to crack due to size of country
Retailers believe the US is the hardest market to break into despite it being the top destination they want to grow in, a survey from Barclays shows.
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NewsRetailers’ costs squeezed as business rates increase comes into force
As the new business rates increase came into force yesterday, retailers will be hit with an additional £175m business rates bill this year.
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NewsInquiry into the retail sector to look at business rates impact
Tackling the business rates burden is likely to be a major part of the recently-launched inquiry into the UK retail sector.
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NewsLaura Ashley blames fall in fashion sales on poor product offering
Laura Ashley has admitted it got its fashion product offering wrong after reporting a “disappointing” fall in full-year clothing sales this morning.
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NewsJessops reopens its doors under new owner Peter Jones of Dragons' Den
Jessops will today reopen its doors as Dragons’ Den TV star and new owner Peter Jones revives the 78-year-old business.
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NewsRetailers meet with Government to debate high street's future
The Government’s new Future High Streets Forum, co-chaired by Alliance Boots’ health and beauty boss Alex Gourlay, met for the first time today to attempt to plot a course for the high street’s recovery.
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NewsSainsbury's accelerates convenience store expansion in London
Sainsbury’s is to accelerate its convenience store expansion in London and the Southeast as competition in the area hots up.
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NewsLand Securities' Buchanan Street extension opens in Glasgow
Land Securities has opened its Buchanan Street development in Glasgow today, following the debut of its Trinity Leeds centre yesterday.
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NewsVideo: Retailers herald Trinity Leeds opening
Retail Week talks to store groups that have opened shops today at Trinity Leeds including Superdry, New Look and Mamas & Papas.
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NewsVideo: Trinity Leeds is already a success, says owner Land Securities
As Trinity Leeds, the only major shopping centre to open this year, opens its doors, Retail Week speaks to owner Land Securities’ executive director Richard Akers about the scheme.
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NewsVideo: Trinity Leeds opening shows retail is 'alive and kicking', says Sir Stuart Rose
Former Marks & Spencer boss Sir Stuart Rose has said the opening of Trinity Leeds shopping centre today shows “retail is alive and kicking”.
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NewsHilco sole bidder for collapsed HMV as deal nears
Restructuring firm Hilco remains the only bidder in the frame for collapsed entertainment retailer HMV as its future looks to be determined in the next few days.
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News
BIM reveals details of imminent entry into Egypt
Turkish hard discounter BIM has revealed details of its imminent entry into Egypt.Speaking to the Financial Times, BIM chief financial officer Haluk Dortluoglu said the retailer intends to source 80% of its range from local small and medium-sized businesses.“We’ll use a similar concept and layout [to Turkey], carrying 500 to ...
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NewsBluewater strikes O2 deal to enhance customer experience
Bluewater has struck a deal with mobile phone operator O2 aimed at digitally enhancing consumers’ physical shopping experience in Kent shopping centre.
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NewsUrban Outfitters signs up for first East Midlands store
US fashion retailer Urban Outfitters has signed for a new 14,500 sq ft store at the Victoria Centre in Nottingham.
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NewsHigh street personality toolkit launches to boost struggling centres
A new Government-funded toolkit designed to boost high streets based on their ‘personalities’ launches tomorrow (Wednesday).
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News
Target opens first three Canadian stores
Target has opened its first three Canadian stores in Guelph, Milton and Fergus in the state of Ontario.The openings are intended as a pilot to prepare systems, train team members and determine operational readiness as the retailer prepares for the soft opening of 24 stores in Ontario later this month.Target ...