Latest property news – Page 142
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NewsVince Cable calls for review on decision to delay rates revaluation
Business secretary Vince Cable has backed calls for the Government to review its decision to delay the rates revaluation for two years.
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NewsDrake Circus signs up four new retailers
Bank, The Fragrance Shop, Ernest Jones and Everything Everywhere are to open stores at the Drake Circus shopping centre in Plymouth.
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NewsCompany profile: Store Twenty One
After investing heavily in a rebrand, Indian textiles giant Alok Group, owner of troubled fashion and homewares retailer Store Twenty One, is mulling the possibility of a sale.
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NewsFootfall at HMV hits a high as its future hangs in the balance
Footfall at entertainment retailer HMV has surged in recent days as publicity about its potential closure sent shopper traffic to levels typically only seen at Christmas.
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Aeon opens first MaxValu supermarket in China
Japanese retailer Aeon has opened its first MaxValu supermarket in China. The new shop is in Guangzhou and Aeon plans to open 30 branches annually from 2014, to reach 200 by 2020.MaxValu supermarkets will primarily sell food and feature mostly local products, with only 5% imported from Japan.Aeon plans to ...
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NewsClintons owner mulls new UK fascia after issues with Papyrus trademark
Clintons parent company American Greetings may launch a new premium fascia in the UK after facing trademark difficulties here for its Papyrus brand.
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NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
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NewsHMV receives 'substantial' interest from retailers for store estate
HMV’s store portfolio has received “substantial” interest from a range of retailers as the deadline for first round bids next week nears.
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NewsTrinity Leeds reaches 90% capacity with new retail signings
Yet-to-launch shopping centre Trinity Leeds has almost reached capacity after pre-letting 90% of its space, following new retailer signings to the one million sq ft scheme.
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Leroy Merlin DIY group to invest in new stores
Adeo’s Leroy Merlin DIY group is to invest RUB15bn (£312.2m) to open 15 stores in the central regions of Russia.A pilot store will open in Tver by the end of January. The retailer will then plan the pace of openings in other cities.General manager Vincent Gentil told Russian newspaper Izvestia: ...
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NewsThe Midlands Co-operative to close fashion and home department stores
The Midlands Co-operative is to close its fashion and home department stores after failing to compete with online rivals in a phased closure programme over the next six months.
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NewsHotel Chocolat poaches Monsoon man as first international director
Chocolatier Hotel Chocolat has hired former Monsoon and Body Shop executive Roger Williams as its first international director after posting record sales and profits.
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NewsBlockbuster administrators to close 129 stores following collapse
Blockbuster’s administrator Deloitte is to close 129 of its 528-store portfolio as it looks to slim down its estate to a “profitable core”.
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NewsGame considers acquiring tranche of HMV stores
Game, owned by OpCapita, is interested in acquiring up to 45 HMV stores as administrator Deloitte receives 50 expressions of interest for the entertainment retailer.
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NewsMobile phone retailer EE to close 78 stores by April
Mobile phone retailer EE is to close 11% of its UK store estate following a review of its retail operation with 78 of its 700 shops set to close before the end of April.
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NewsBlue Inc seeks first standalone store for Twisted Soul brand
Twisted Soul, the “aspirational” clothing brand developed by fast-growing young fashion group Blue Inc, is poised to open as a fascia in its own right with a pop-up location.
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NewsFashion retailer Republic seeks monthly rents to control cashflow
Republic, the young fashion retailer chaired by former Asda chief executive Andy Bond, is looking to switch to monthly rental payments as it vies to control its cashflow.
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NewsThe Fragrance Shop delivers 4% Christmas like-for-like sales jump
Beauty retailer The Fragrance Shop posted a 4% jump in like-for-likes over the Christmas period, as it posted a total sales rise of 14.2%, while maintaining margins.
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NewsSales don't slide at Waitrose but its customers do
Consumers depressed by January can cheer themselves up with a trip down Waitrose’s Love Life slide at Westfield Stratford City. As an alternative to the escalator or stairs, Waitrose has installed a 42ft slide at the entrance to the shopping centre to promote its healthy ...
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NewsWestfield and Hammerson end feud and unveil retail vision for Croydon
Westfield and Hammerson have ended their feud over the redevelopment of riot-hit Croydon by forging a joint venture to upgrade the town’s retail centre in a £1bn scheme.