Latest property news – Page 145
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News
Metro Properties plans Russian store openings
German Metro Group-owned Metro Properties plans to invest about e150m (£121m) to open six or seven stores in Russia in 2013, said head of asset and expansion management Arthur Taubert. The 2013 investment for store openings in Russia has been cut due to the depressed macroeconomic situation worldwide, he said.Instead, ...
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NewsShopping centre footfall down as customers move online
Footfall dropped 1.7% last week as customer numbers in shopping centres fell on last year.
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News
Kesko opens first hypermarket
Finland-based retailer Kesko has entered the Russian grocery sector with its first hypermarket in St Petersburg under the K-Ruoka banner.Kesko aims to open four hypermarkets in the city by the end of 2013 and then expand to the Moscow region.Kesko also operates K-Rauta DIY and Intersport sports stores in Russia.
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NewsCarpetright eyes Tottenham Court Road store in London push
Floorings giant Carpetright is making a push for the capital as it seeks out smaller high street stores in London.
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NewsComet: List of further stores to close
Comet has confirmed the locations of further store closures. Comet is expected to shut all of its stores by December 18 unless a buyer for the business can be found.
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NewsCarpetright profits up despite sales fall
Carpetright has reported an increase in first-half profits despite a fall in sales, which were held back by a poor performance in mainland Europe.
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NewsLiverpool One signs three new retailers
Three new retailers, Kiehls, Moda in Pelle and The Fragrance Shop, have opened at Liverpool One.
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NewsStead & Simpson to close 90 stores
Shoe retailer Stead & Simpson is to close 90 stores following a “thorough review” of the loss-making business.
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NewsBluewater extension plans submitted
Plans to extend Bluewater shopping centre by 330,000 sq ft are moving forward after owner Lend Lease submitted the planning application today.
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NewsBrightHouse sales up ahead of etail push
Weekly payment electricals and furniture retailer BrightHouse has recorded strong growth in its first half as it prepares to launch an ecommerce offering.
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News
Walmart announces plans to enter cash and carry market
Walmart has announced plans to enter the cash and carry business with the launch of membership fascia Central Mayorista.The first store, boasting a sales area of 37,700 sq ft, is scheduled to open in Puente Alto, Santiago, in the first quarter of next year.Central Mayorista will be aimed at retailers, ...
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NewsHamleys profits advance after global drive
Pre-tax profits at iconic toy retailer Hamleys soared 283% to £2.3m last year, driven by sales growth at its newly refurbished Regent Street flagship and expansion of its international franchise operations.
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News
Lidl reveals Greek investment plan
German Schwarz Group’s discount grocer Lidl has revealed a Greek investment plan of E100m (£81.1m) over the next three years.Lidl plans to open new stores, renovate shops and warehouses and invest in promotions and special offers. “Despite the current unfavourable market conditions, Lidl Hellas will continue to support the country,” ...
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NewsPhilip Clarke set to axe loss-making Fresh & Easy
Tesco chief executive Philip Clarke has nailed his colours to the mast with the launch of a strategic review of the retailer’s loss-making US business, Fresh & Easy, and the departure of highly regarded deputy chief executive Tim Mason.
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NewsComet: List of further stores to close
Comet has confirmed the locations of further store closures. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found.
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News
Footfall fell 3.7% year-on-year last week
Footfall fell 3.7% year-on-year in the week ending December 1, according to the British Retail Consortium-Springboard Footfall Monitor.
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News
Auchan plans to invest in Russian market
French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores ...
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NewsPretty Green eyes Regent Street flagship
Liam Gallagher’s menswear brand, Pretty Green, aims to open a flagship store on London’s Regent Street as part of a wider property review of its stores in the capital.
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NewsThe future of Comet hangs in the balance
Comet’s future hangs in the balance as crunch talks between administrator Deloitte and potential white knight Clive Coombes commence today.
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NewsEnterprise Zone investment to boost innovation at Boots
Larger research and development site will provide extra capacity to realise retailer’s US ambitions.