Latest property news – Page 164
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NewsBurberry half year sales surge
British luxury brand Burberry’s like-for-like retail sales jumped 12% over the last six months with the UK market helping drive growth.
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NewsAquascutum on the brink of collapse
Fashion retailer Aquascutum, owned by Harold Tillman, could be placed into administration as early as this morning, threatening the end of a British heritage brand.
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NewsJaeger acquired by Better Capital
Fashion group Jaeger has been acquired by Jon Moulton’s investment vehicle Better Capital, ensuring the “future of the business”.
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NewsRetailers must refinance £7bn of bank and bond debt in 2012
Retailers have to refinance $11.2bn (£7.1bn) in syndicated bank debt and bonds by the end of the year, with a further $60.6bn (£38.3bn) due by 2018.
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NewsTesco set to turn focus on smaller stores
Tesco chief executive is likely to focus on small stores and scale-back store expansion as part of his new strategy for the UK’s largest retailer.
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NewsPortas Pilots to feature in Channel 4 TV series
Mary Portas is to front a new show on Channel 4 covering the progress of the Government’s town centre improvement pilot schemes.
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NewsPoundstretcher on expansion trail as it spots ‘gap in market’
Value retailer Poundstretcher is pursuing an ambitious expansion strategy as it aims for a total of 900 UK stores and prepares to debut overseas in the Middle East.
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NewsMonsoon Accessorize in US push
Fashion group Monsoon Accessorize is expanding its US business after selling the license for its stores to a franchise partner.
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NewsRough Trade to expand overseas with New York store
Famous record store Rough Trade is to open its first overseas store in New York in the autumn.
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Michaels Stores seeks expansion
Arts and crafts retailer Michaels Stores aims to raise $500m (£320m) in an initial public offering.Using cash raised, the retailer sees the potential for 1,500 stores in North America, including new formats for smaller and urban markets. Michaels also said that it will specifically target Hispanic customers with classes in ...
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Rewe acquires stores from Enka
German retailer Rewe has won approval from the Russian competition authorities to acquire 12 Citistores from Turkish group Enka. The shops, in the greater metropolitan area of Moscow, will be converted to the Billa supermarket format in the coming months. Rewe also plans to open around 10 new Billa stores ...
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Japanese convenience store Lawson to expand in China
Convenience store operator Lawson has unveiled plans to step up its expansion in China. At present the retailer has 335 shops in the country and the intention is to have 10,000 by 2020. Lawson may consider an acquisition to rapidly increase its store network.Like other Japanese convenience store players, Lawson ...
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NewsDunelm remains cautious as like-for-likes edge up
Value homewares retailer Dunelm like-for-likes edged up 0.6% in the 13 weeks to March 31.
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NewsLand Securities encourages online price comparison in centres
One of Britain’s largest shopping centre owners Land Securities is preparing to install free wi-fi and a price comparison programme to all its 22 centres.
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NewsOrlebar Brown to expand in central London
Luxury swimwear retailer Orlebar Brown will open a flagship store on Vigo Street in central London as part of plans to expand this year.
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NewsBoots to expand into China
Boots will push into China “in the coming years” as the retailer’s parent continues to expand globally.
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NewsIkea gets green light for new Reading store
Ikea has gained planning permission to open its 19th UK store in Reading, the first to be built in the UK for three years.
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Auchan plans private-label increase
French retailer Auchan plans to increase sales of private-label in its Russian stores by 80% within two years. It also hopes to up its Russian stores from 1,700 to 3,000, said Auchan Russia board member Ludovic Holinier. In 2011, the retailer opened 12 stores in the country. The retailer recently ...
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NewsDFS founder Lord Kirkham set to batter fish and chip market
DFS founder Lord Kirkham has swapped furniture for fillets in an audacious play for the catering market as the entrepreneur plots a plan for a national chain of fish and chip restaurants.
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NewsAmerican Golf: Driving its way forward
Securing a new boss and driving growth is top of the agenda for the golfing specialist.