Latest property news – Page 143
-
News
Mothercare posts 7.4% slump in group sales during third quarter
Baby specialist Mothercare posted a 7.4% slump in group sales for its third quarter but boss Simon Calver remained positive of the “solid progress” made in the period.
-
NewsJessops axes 77 more jobs as interested parties circle online business
Collapsed camera retailer Jessops axed another 77 jobs yesterday, as “several” parties remain interested in acquiring the Jessops brand and online business, it is understood.
-
NewsBlockbuster collapses into administration
Entertainment specialist Blockbuster has plunged into administration, making it the third large retailer to hit the buffers in a week following the collapse of Jessops and HMV.
-
NewsHMV receives 'more than 10' expressions of interest as Irish stores close
HMV’s administrator Deloitte is understood to have received “more than 10” expressions of interest in the entertainment retailer that collapsed on Tuesday.
-
News
Casino to enter Serbian market
Casino is to enter the Serbian market with seven supermarkets this year. The launch was enabled by an agreement between Casino and local partner Sodibal. The latter has also become official distributor of Casino products and supermarkets for the Balkan region.
-
NewsCapital Shopping Centres to rebrand as Intu and rename malls
Capital Shopping Centres (CSC) is to launch a new brand across its shopping centres and enhance its online presence as part of a £25m investment.
-
NewsUPDATED: HMV suspends shares and confirms administration beckons
Entertainment retailer HMV has suspended its shares and revealed it is set to call in Deloitte, as it filed a notice of intent to appoint an administrator.
-
NewsClosure of all 187 Jessops stores starts as axe falls on 1,370 jobs
The closure of all 187 Jessops stores will begin today after administrator PwC said the retailer can no longer trade without supplier support.
-
NewsJessops: List of store closures
All 187 Jessops stores will begin shutting today after administrator PwC said the retailer can no longer trade without supplier support.
-
NewsWould-be Comet white knight Coombes still aiming to resurrect brand
Would-be Comet white knight Clive Coombes is still aiming to buy the Comet brand after lodging four failed bids to buy the collapsed retailer since it went bust in November.
-
NewsDebenhams to dramatically revamp Oxford Street flagship exterior
Department store Debenhams is dramatically revamping the exterior of its flagship on London’s Oxford Street for the first time in the shop’s 41-year history.
-
NewsMultiple retailers’ store numbers flat in 2012
The number of stores operated by multiple retailers remained flat last year despite a spate of administrations that resulted in swathes of shops closing.
-
NewsTopshop to open store in new Whiteley Shopping Centre in Hampshire
Fashion retailer Topshop is to open a store at the Whiteley Shopping Centre in Hampshire in the spring, which is one of just two new shopping centres to open this year.
-
News
Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
-
News
Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
-
News
Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
-
NewsH&M's new brand & Other Stories to launch on Regent Street
H&M is to launch its first global stores for new brand & Other Stories this spring, which will include a flagship on London’s Regent Street.
-
News
7-Eleven purchases 143 sites in Texas
Seven & I-owned 7-Eleven has purchased 143 sites in Texas. The acquisition includes Speedy Stop and Tigermarket convenience stores owned by local operator CL Thomas.The deal also increases 7-Eleven’s fuel wholesale delivery business, because the purchase included petrol distribution to approximately 150 dealer-operated sites.
-
News
German retailer Schwarz Group outlines plans for Bulgaria
German retailer Schwarz Group has outlined plans for Bulgaria. The hypermarket and superstore business plans to open just two to three new locations in calendar 2013, in addition to the imminent launch of a store in Sandanski, near the Greek and Macedonian borders.Schwarz Group operates 63 Lidl discount stores and ...
-
NewsJigsaw back in the black as it prepares for Middle East launch
Fashion chain Jigsaw is back in the black as it prepares for its launch in the Middle East.