Latest property news – Page 139
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NewsCompany profile: Reiss
Loved by the Duchess of Cambridge, upmarket fashion retailer Reiss has benefited from a surge in sales driven by its royal clothes horse.
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NewsPoundstretcher eyes over 20 former Comet stores
Poundstretcher is in negotiations to acquire over 20 former stores of electricals retailer Comet, which disappeared from the high street last year.
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Discount store Aldi Süd to open numerous Australian stores
German discount store chain Aldi Süd has revealed plans to open up to 110 shops in Australia, 40 to 50 of which will be located in south Australia and 50 to 60 in the west of the country.Aldi said it was committed to the expansion, but that it would take ...
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Tensions continue between Carrefour and Turkish partner Sabanci Holdings
Tensions continue between French retailer Carrefour and its Turkish partner Sabanci Holdings over their joint venture.There is an ongoing argument over the valuation of the partnership’s property. Valuing the store network is a challenge, given the prime locations of some outlets, especially in Istanbul.The newspaper Ekonomik Ayrinti estimates the estate’s ...
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NewsThe Entertainer to open first overseas stores in Pakistan and Dubai
Toy retailer The Entertainer is to open its first overseas stores in Pakistan and Dubai as it builds on its UK expansion.
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NewsFurther 37 HMV stores to close, 464 jobs in jeopardy
A further 37 HMV stores are set to close, putting 464 jobs on the line as administrator Deloitte restructures the business in advance of a possible sale.
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NewsHMV: List of further store closures
A further 37 HMV stores are to be shuttered following the initial 66 already slated for closure this month. The closures would leave 116 stores trading.
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NewsGame eyes HMV, Blockbuster and Jessops stores as it aims to grow share
Entertainment retailer Game is eyeing HMV, Blockbuster and Jessops stores as the specialist aims to grow its market share.
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NewsRetail administrations could lead to a sixth of stores lying empty
Retail administrations and the resulting store closures could lead to one in six stores on the high street lying empty this year, according to the Local Data Company
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NewsH&M new brand & Other Stories to make worldwide debut in London
H&M’s new fascia & Other Stories is to make its global debut on London’s Regent Street next month as the Swedish fashion giant relaunches its Oxford Street store.
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NewsFashion giant Primark signs up to St David's flagship
Value fashion giant Primark is to open a 86,000 sq. ft flagship store at St David’s, Cardiff, increasing its floor space in the welsh capital by 80%.
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NewsMorrisons acquires 49 Blockbuster stores for convenience arm
Morrisons has acquired 49 Blockbuster stores from the collapsed rental chain’s administrator Deloitte as it looks to ramp up its convenience presence.
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NewsShopper numbers plummet in January as snow hits footfall
Footfall fell 4.6% year on year in January as heavy snow deterred people from shopping, representing the weakest footfall figure recorded since last April, when shopper numbers declined 6.9%.
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NewsRestructurer Gordon Brothers called in to trade Republic
Restructuring specialist Gordon Brothers has been drafted in by administrator Ernst & Young to trade collapsed fashion retailer Republic as the hunt for a buyer continues.
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NewsCompany profile: Footwear retailer Shoe Zone
Footwear retailer Shoe Zone has called an abrupt halt to years of expansion plans by revealing it is to close 90 of its Stead & Simpson stores because of poor trading in December.
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CVS purchases pharmacy chain Drogaria Onofre
US retailer CVS has purchased 44-store pharmacy chain Drogaria Onofre.CVS chief executive Larry Merlo said: “We view Brazil as an attractive market given that healthcare and pharmacy are expected to grow double digits for the next decade. It’s still a highly fragmented market, so we see nice opportunity to grow ...
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NewsUK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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Temasek Holdings reveals plans to acquire stake in Matahari
Temasek Holdings has revealed plans to acquire a stake in Matahari, operator of Hypermart. Temasek will indirectly buy a 26.1% stake worth $300m (£191.4m) via controlling shareholder Multipolar.The deal, if concluded, would make Temasek one of the major shareholders in Matahari. Private equity firm CVC Partners has hired CIMB, Morgan ...
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Spar International to return to India
Spar International plans to return to India by the year-end. Managing director Gordon Campbell said the retailer is in talks with a number of regional chains to sign licensing agreements.He said India is a crucial market for Spar and the company is seeking multiple partners for different regions.“India will be ...
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NewsTheo Paphitis mulls opening series of Robert Dyas shopping centre stores
Ryman Group boss Theo Paphitis is considering opening more Robert Dyas stores in shopping centres as he seeks to take advantage of new retail property coming online.