Latest property news – Page 51
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NewsLeading MPs call for business rates reform
The Treasury Select Committee has urged an urgent review of business rates after a hard Christmas for some retailers and amid fears that some will collapse.
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NewsNext to transform excess space into car showroom
Next has partnered with multichannel car retailer Rockar to turn excess space at its largest store into a car showroom.
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NewsFestive footfall plunges as online wins Christmas
Retail footfall plunged at the sharpest rate in almost five years during December as consumers flocked online to make Christmas purchases.
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NewsNew Look mulls CVA as it bids to shutter 60 stores
New Look is drawing up proposals for a company voluntary arrangement (CVA) in a bid to shutter 10% of its store estate and slash its rent bill.
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NewsNew Look hands over new office lease to Google
New Look has handed its new London headquarters to Google following a period of troubled trading.
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NewsHouse of Fraser seeks rent reductions from landlords
House of Fraser has asked for substantial rent reductions from a number of its landlords.
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NewsWestfield's London malls hail festive footfall increase
More than 14 million shoppers flocked to Westfield’s London malls over the crucial Christmas and Black Friday period.
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NewsEtailers eye retail parks and malls in warehouse crisis
Developers could transform retail parks or parts of under-utilised shopping centres into warehouses as fast-growing etailers run out of suitable spaces for logistics sites.
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NewsDFS snaps up stores from collapsed rival Multiyork
DFS has swooped on a number of collapsed rival Multiyork’s stores and acquired the rights to its brand name and product designs.
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NewsBoxing Day footfall drops after online Christmas boost
Retail footfall slumped on Boxing Day as the ongoing “structural shift” in festive spending drove shoppers online on Christmas Day itself.
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NewsMissguided falls into loss despite sales spike
Missguided has dropped into the red in its full-year update as it ploughed investment into its distribution centre, although its sales skyrocketed.
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NewsHouse of Fraser launches pop-up brand concessions
House of Fraser will play host to pop-up concessions designed to drive footfall with an ever-changing offer.
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NewsUpdated: Conviviality snaps up Palmer & Harvey c-stores
Conviviality, the drinks and convenience retail specialist, has bought 109 c-stores out of the ashes of Palmer & Harvey safeguarding 1,312 jobs.
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NewsJD.com to roll out hundreds of checkout-free stores
Chinese etail giant JD.com has laid down the gauntlet to Amazon after revealing plans to open hundreds of checkout-free convenience stores.
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NewsSports Direct profits plunge exacerbated by UK sales dip
Sports Direct has posted a drop in interim profits despite what boss Mike Ashley describes as a “spectacular trading performance” across its flagship stores.
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NewsBunnings tests new small store format in Bicester
Wesfarmers-owned DIY retailer Bunnings has unveiled plans to trial a new small store format, with the first due to open later this month in Bicester.
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NewsWestfield snapped up by Unibail-Rodamco for $25bn
French giant Unibail-Rodamco has agreed to buy Westfield for $24.7bn, marking the biggest takeover of an Australian company on record.
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NewsSix shops per day disappearing from high streets
Six shops have disappeared from UK high streets every day during the past seven years, according to analysis of new government data.
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NewsAmazon outpaces Lidl with rapid warehouse expansion
Amazon has snapped up more than five times as much warehousing space as its nearest retail rival this year, according to new research.
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NewsMarks & Spencer may abandon new store developments
Marks & Spencer could pull the plug on dozens of building projects across the UK as boss Steve Rowe steps up his turnaround plans.