News: Retail stores and property
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NewsPret to open 200 new stores and target overseas markets in £100m expansion drive
Pret a Manger will open more than 200 new stores across the UK and turbocharge its international expansion over the next two years following a £100m investment from owner JAB and founder Sinclair Beecham.
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Aldi to launch first checkout-free supermarket taking on Amazon and Tesco
Aldi has revealed plans to open its first checkout-free store after it trademarked “Shop & Go” earlier this year.
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Marks & Spencer to close 11 French stores as Brexit batters supply
Marks & Spencer is to close 11 of its 20 franchise stores in France after post-Brexit trade rules “significantly” impacted supply of fresh and chilled food.
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H&M sales rebound slower than expected as global lockdowns bite
H&M has reported a lower than expected recovery in sales in its third quarter as store closures from coronavirus restrictions around the globe continued to have an effect.
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JD Sports delivers record results as sales and profits soar
JD Sports has delivered record results in the first half of the year as group sales and profits soared off the back of strong performances in the UK and US.
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Primark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
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Ikea set to buy former Topshop flagship in £385m deal
Ikea is understood to have entered into an agreement to purchase 214 Oxford Street for £385m.
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Nearly 50 high street stores shuttered per day in 2021
Over 8,700 chain stores have closed their doors across British shopping locations in the first half of this year.
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Boots rolls out 30 new smaller format beauty halls across the UK and Ireland
Boots’ smaller format beauty hall concept will open in 30 stores as it rolls out its beauty offering to more customers.
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Retail bosses demand better protection for frontline staff
Retailers are calling on the UK government to follow Scotland’s example of enshrining better protections for frontline staff into law.
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Amazon plans to open department stores in US
Amazon plans to open several department stores in the US, as the tech titan’s pivot to bricks-and-mortar retailing gathers pace.
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Exclusive: Boxpark founder pledges to step in to save Croydon redevelopment
Boxpark founder Roger Wade has expressed interest in forming a consortium to save the redevelopment of Croydon after Westfield and Hammerson walked away from the town centre.
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Council left scrambling as landlords walk away from Croydon Westfield dream
Local authority plans to regenerate Croydon have been thrown into chaos after Unibail-Rodamco-Westfield and Hammerson walked away from the Centrale & Whitgift Centre.
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Pret plans regional roll-out to reduce reliance on London
Pret a Manger is set to open franchises and stores in regional locations after its city centre sales were decimated by the working-from-home trend.
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Tesco readies ‘just walk out’ tech at city-centre Express store
Tesco has refurbished its High Holborn Express store as the site of its first ‘just walk out’ branch open to public customers.
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Pret a Manger staff considering strike action over pay cuts
Pret a Manger staff are reportedly considering strike action after the food-to-go chain permanently slashed pay despite easing coronavirus restrictions.
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Australian fashion brand Forever New launches first UK store
Forever New has opened its first store in the UK in Meadowhall Shopping Centre, Sheffield.
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Dr Martens sales rise as stores reopen and wholesale recovers
Dr Martens recorded a strong first quarter with sales up across all regions.
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Superdry snaps up former Forever 21 Oxford Street store as new flagship
Superdry has agreed the lease of the former Forever 21 store on Oxford Street, with the retailer’s chief executive expressing confidence in the West End’s post-Covid recovery.
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Shopfloor staff omitted from government’s daily Covid testing scheme
Retail store staff have not been included in the government’s list of key workers who will become exempt from coronavirus self-isolation rules.
