Latest property news – Page 146
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News
Electronics specialist Darty to sell Italian business
French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake.Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last fiscal ...
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NewsRetailers cut back to cope with rates rise
Retailers are poised to slash investment and make redundancies if next year’s proposed business rates hike goes ahead.
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NewsJ Crew signs for first UK store
J Crew has signed up for its first UK store, taking Burberry’s former Regent Street site.
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NewsComet: List of stores to close next week
Comet is to close 12 stores on the December 3. Comet is to shut all of its stores by December 18 unless a buyer for the business can be found.
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NewsShop vacancy rates fall to 2012 low
Shop vacancy rates in the UK decreased “significantly” in October to their lowest level in 2012.
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NewsPhase Eight to open first West End store
Womenswear retailer Phase Eight will unveil its first West End store in February showcasing a new store design.
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NewsHope for Comet staff as white knight emerges
Staff at collapsed electricals chain Comet have been given a glimmer of hope as a white knight has emerged willing to take on up to 180 stores.
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NewsPoundworld profits tumble as it invests in stores
Value retailer Poundworld’s pre-tax profit slumped 28% to £2.8m last year as as it invested in new stores and distribution.
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NewsAldi creates new store format for London push
Aldi is to open a string of small stores in “prominent” London locations as it looks to grab a slice of the increasingly competitive market.
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NewsTK Maxx circles 25 Comet stores
Discount fashion outlet TK Maxx has joined the race to secure a package of Comet stores, as administrator Deloitte prepares to close another 14 by the end of the week.
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NewsBidder poised to take 140 Comet stores
A bidder has tabled a bid to take on for 140 stores from collapsed electricals retailer Comet.
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NewsWHSmith poised to open in Russia
WHSmith is to open stores in Russia as part of an international expansion strategy.
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NewsAnalysis: The Entertainer sets it sights on overseas growth
The Entertainer’s prospective move into international markets could be a game-changer for a retailer that has made delivering growth in a difficult category look like child’s play.
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News
Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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News
Discounter Lidl expected to open first stores in Serbia
Schwarz Group-owned discounter Lidl is expected to open its first 15 stores in Serbian cities over the next two years, Serbian trade minister Rasim Ljajic told a local newspaper.He also expects the opening of Serbia’s first Ikea store by the end of next year.The minister said it was important for ...
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News
H&M signs for new store in Hammersmith as centre refurb begins
H&M has signed up for new store at Kings Mall shopping centre in Hammersmith, as the development undergoes a full refurbishment.
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NewsLe Coq Sportif to open European flagship in London next year
French sportswear brand Le Coq Sportif will unveil its European flagship store in Covent Garden next year.
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News
GameStop to close 200 stores
Entertainment retailer GameStop has told investors it plans to close 200 of its less profitable stores over the next year.Chief executive Paul Raines explained that around 2% of GameStop’s US stores and 5% of its international stores are unprofitable at present. The retailer posted better-than-expected results for its third quarter ...
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NewsMayor of London briefs retailers ahead of £100m weekend
Mayor of London Boris Johnson met with London retailers today ahead of the West End’s VIP Saturday when shoppers are expected to spend £100m in preparation for the Christmas season.
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NewsPrimark plans Warrington regional flagship
Primark is set to open a new regional flagship at Warrington’s Golden Square shopping centre.