Latest property news – Page 221
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NewsForever 21 closes in on UK debut on Oxford Street
US fashion retailer Forever 21 is understood to have made offers on two stores on Oxford Street as part of plans for European expansion.
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NewsConsumer confidence falls as unemployment concerns grow
Consumer confidence has fallen nine points since last October, according to figures from the British Retail Consortium and Nielsen.
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NewsCarpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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NewsTalks reopen for new Nottingham Armani store
Nottingham City Council is prepared to re-enter talks with Armani after it rejected the fashion retailer’s plans to open in the city.
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NewsBest Buy scales back UK plans
US electricals retailer Best Buy is scaling down its UK plans but remains committed to the market.
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NewsJohn Lewis to launch standalone home and electricals format
John Lewis is to open standalone homewares and electricals stores in a bid to gain greater coverage of the UK market.
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NewsSports Direct proposes offloading stores to counter competition concerns
An offer by Sports Direct to sell stores in five local areas as part of its acquisition of 31 JJB shops is being considered by the Office of Fair Trading (OFT).
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Land Securities to back start-up retailers with capital venture company
Land Securities is investing £5m in a venture capital company to back new and expanding retailers.
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NewsWestfield London backs down over service charges
Westfield has backed down over a dispute with tenants over service charges after months of wrangling with retailers at its London shopping centre.The Australian landlord had been battling with retailers including House of Fraser and Debenhams over charges at the centre. Westfield London had charged £14 per sq ft, about ...
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NewsJJB Sports CVA hailed as ‘sea change’ in retailer-landlord relations
JJB Sports executive director Peter Williams said the approval of its company voluntary arrangement marks a “sea change” in the relationship between retailers and landlords.
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NewsNew Look to rival fashion giants as it aims to double trading space
New Look is aiming to double its trading space to over 7 million sq ft in the UK, putting it in the running to become Britain’s biggest fashion retailer by floor space.
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NewsDutch fashion player chases Piccadilly Circus site
Dutch fashion group The Sting is understood to be one of three retail names to have made offers on the iconic former Tower Records store at Piccadilly Circus.
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NewsWHSmith considers increasing presence in overseas airports
WHSmith is contemplating further overseas expansion of its travel business by opening in more foreign airports.
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Irish government considers rent legislation to protect retail sector
Ireland’s Justice Minister Dermot Ahern has threatened to legislate against upwards-only rent reviews unless landlords take a “flexible and pragmatic approach” to helping retailers through the recession as the country suffers its worst retail sales slump for 25 years.
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NewsCelebrities back TK Maxx over Piccadilly Circus store
Publicist Max Clifford has enlisted the backing of celebrities such as girl band The Saturdays in an attempt to persuade the Crown Estate to allow designer discount chain TK Maxx to open a shop on London’s Piccadilly Circus.
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NewsPeacock Group signs two for White River Place
Peacock Group is to open two stores at White River Place in St Austell, Cornwall.
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NewsBoris Johnson launches campaign to promote West End business
Mayor of London Boris Johnson has unveiled a campaign to encourage more people to visit London’s West End.
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NewsTK Maxx ‘not posh enough’ for Piccadilly
TK Maxx is locked in a bitter dispute with the property company that runs the Queen’s estate over a deal to open a flagship store at London’s Piccadilly Circus after it decreed the retailer was “not posh enough” to trade at the capital’s famous landmark.
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NewsKingly Court gains new retailers
London shopping destination Kingly Court – off Carnaby Street – has attracted a raft of new retailers.Dress label Darimeya opened its flagship store at the scheme last week and will sit alongside mens- and womenswear brand Carte Blanche, 1950s-inspired fashion and corsetry brand Nikita Sablier, and homewares retailer Supermice.Kingly Court ...
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NewsThree retailers set to open in Cambridge’s Grand Arcade
Calvin Klein, Kurt Geiger and Jack & Jones are set to open stores in Cambridge for the first time.All three have taken stores at the Grand Arcade shopping centre, which is owned by Grand Arcade Partnership, a joint venture between Grosvenor and Universities Superannuation Scheme.They join brands already trading in ...