Latest property news – Page 154
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News
Hollister to open first Australian store in 2013
Abercrombie & Fitch-owned US fashion brand Hollister will open its first Australian store next year. It comes as several international clothing retailers plan to enter the market, including Uniqlo, H&M, J Crew, Banana Republic and Forever 21.The Hollister brand will launch in a mall to test the market before an ...
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NewsSmall shops call for 'supermarket tax' to revive high street
Small shops have called on government to implement a ‘supermarket tax’ to levy large grocers and out-of-town shopping centres to buoy the high street.
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NewsRetailers set sights overseas for sales boost
Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth.
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NewsTesco raises £300m from South Korean sale
Tesco has raised £300m from the sale and leaseback of four shopping malls in South Korea.
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NewsCo-op profits tumble 16% in 'fiercely competitive food market'
The Co-operative Food’s underlying profit slumped 16% to £119m in the six months to June 30 amid “fierce” competition in the food sector and the “unrelenting consumer downturn”.
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NewsDobbies profits increase amid tough conditions
Tesco-owned Dobbies Garden Centres recorded a 22% uplift in sales last year while profits rose 6%.
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NewsUpdated: Cabot Circus reopens after evacuation
Bristol shopping centre Cabot Circus has reopened after being evacuated due to a security alert.
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NewsStrict rules to stamp down on high street chuggers
New rules have been introduced to prevent chuggers harassing members of the public and ban them from standing near shop doorways.
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NewsPotential Allders bidders wary on property fears
Allders administrator Duff & Phelps is struggling to sell the iconic department store because of doubts over the property.
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NewsBluewater attracts new retailers
Forever 21, Mappin & Webb, Crocs and Beaverbrooks have launched stores within Bluewater shopping centre.
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NewsJulian Graves disappears from high street as all stores closed
Julian Graves has disappeared from the high street after all its stores were closed by administrators that were unable to find a buyer for the dried fruit and nut specialist.
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NewsBlue Inc begins widespread overseas expansion
Blue Inc, the value fashion retailer chaired by Sir Stuart Rose, is gearing up for widespread international expansion as its Officers Club business helps propel UK growth.
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NewsMamas & Papas’ China plan piles pressure on Mothercare
Maternity retailer Mamas & Papas to open 90 stores in China over next five years to tap into hunger for Western brands.
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NewsWestfield Stratford City attracts 5.5 million Olympic shoppers
Westfield Stratford City attracted 5.5 million visitors during the Olympics – almost 10% of the annual shopper target across Westfield’s two London shopping centres.
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News
Net sales increase for Pantaloon Retail
Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m).The retailer added 2.37 million sq ft in the year, taking its total retail space to 16.71 ...
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News
H&M to open first Malaysian store
Swedish fashion retailer H&M will open its first Malaysian store in Kuala Lumpur on 20 September.The new 36,000 sq ft store will offer the latest collections for women, men and children. A second store is due to open in the city’s new Setia City Mall later this year.
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News
Ikea plans move into hotels and student accommodation
Ikea plans to construct budget hotels and student accommodation in university cities across western Europe.LandProp Holding, the Ikea real estate development arm behind the London Strand East project, will develop accommodation under the brand Ulito.Harald Müller, managing director of LandProp and business development manager of Inter Ikea, said the developments ...
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NewsWilkinson profits plummet 62.6%
Wilkinson’s pretax profit has plunged 62.6% to £22.74m in the year to January 27 due to the “tough trading environment” and £44m investment in stores and systems across the period.
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NewsStratford Centre reports golden footfall levels during Olympics
The Stratford Centre, the secondary location shopping centre adjacent to Westfield Stratford City, welcomed a record 1.5 million people over the Olympic period – a 28.6% surge year-on-year.
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NewsFurniture retailer Jysk to step up UK expansion
Danish furniture retailer Jysk is to open three new stores in the UK, ahead of a “significant roll out”.