Latest property news – Page 151
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NewsJJB Sports: Full list of store closures revealed
Sports Direct has today acquired JJB Sports 20 shops after the retailer collapsed into administration closing 133 stores.
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NewsJJB Sports collapses as Sports Direct acquires 20 shops
UPDATED: JJB Sports has collapsed into administration, with arch-rival Sports Direct acquiring 20 stores.
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NewsSecondary retail parks will follow the high street into decline warns former Focus boss
Former Focus and Wickes boss Bill Grimsey has warned that secondary retail parks are destined to go the same way as the high street and become ghost towns.
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NewsRetail administration levels fall but Christmas fears remain
The number of retail administrations fell in the last quarter however fears remain that Christmas could send a number of retailers out of business.
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Construction begins on The Mall of San Juan
Construction has begun on a new luxury mall that will bring Nordstrom and Saks Fifth Avenue to the US territory for the first time.The Mall of San Juan is being built near the main international airport and represents a $405m (£250m) private investment.
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Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsFair Rates for Retail: Retailers urge rates freeze
Top retailers have called for a freeze on business rates and changes to how the charge is calculated as they face a likely increase of £200m next year.
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NewsSports Direct poised to buy 60 JJB Sports stores as deal imminent
Sports Direct is close to sealing a deal to buy 60 stores from JJB Sports with sources saying the sale may be completed later today.
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NewsKingfisher opens 1,000th store worldwide
B&Q owner Kingfisher will open its 1,000th store globally today in Poland.
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Gap to open four Gap Outlet stores in China
The first shop was due to open on September 22 in Ningbo, followed by two in Shanghai and Tianjin.A fourth store is expected to open later this year at the Scitech Premium Outlet Mall in Beijing.Gap China president Redmond Yeung said: “As we continue to execute our expansion strategy in ...
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NewsSports Direct closes in on JJB Sports deal despite Adidas obstacle
Unwanted JJB Sports stores are likely to face rapid closure if, as expected, likely buyer Sports Direct snaps up the retailer’s prime stores and stock.
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ICA opens ‘ICA to go’ pilot
Ahold-affiliated Swedish grocery retailer ICA has opened an ‘ICA to go’ pilot store in a metro station in Hornstull. The retailer will also shut the first pilot store it tested.ICA business development manager Mats Munther said: “We mainly operated the store in order to test our offering. We have learned ...
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Tie Rack property chief Martin Morgan joins Harper Dennis Hobbs
Tie Rack Retail group property and franchising director Martin Morgan has been hired by property agent Harper Dennis Hobbs to head up its new global travel retail arm.
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NewsKiddicare hails new era as it targets £200m sales
Baby etailer Kiddicare is targeting a rapid rise in turnover to £200m by 2016 as it pushes the button on a radical transformation of its brand and operations.
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Casino develops new store model for Naturalia
Casino is developing a new model for its organic products banner Naturalia. A new Paris store will feature enhanced signage with detailed explanations of displays for customers unfamiliar with organic food. The store will be traditional in appearance, with recycled wooden pallets and gravel-look flooring. The design will be applied ...
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NewsSchuh launches Kids fascia to take slice of children’s market
Footwear retailer Schuh is opening a standalone kids fascia to tap into the children’s market.
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NewsAsos boss Nick Robertson questions need for physical stores
Asos boss Nick Robertson has questioned what role the physical store will play for the next generation of shoppers.
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NewsRiver Island takes profit hit to keep prices sharp
River Island pre-tax profits tumbled 25% to £86.9m last year as the fashion retailer absorbed higher costs, rather than pass them on to consumers, and invested in the business.
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Home Depot to close remaining big-box stores in China
US-based home improvement retailer Home Depot is to close its remaining seven big-box stores in China. However, it will keep a new formats team in the country to continue research and development. In addition, the retailer is retaining two recently opened specialist stores in Tianjin – a paint and flooring ...
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Redcoon considers first bricks-and-mortar store
Online electronics retailer Redcoon, owned by Metro controlled Media-Saturn, is considering opening its first bricks-and-mortar store early next year, according to founder Reiner Heckel.Heckel said that consumer electronics and white goods suppliers treat physical store operators as preferred customers when selling products, including newly launched lines, at the expense of ...