All Property articles – Page 12
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Data
Data: The retail sectors capturing footfall since stores reopened
Footfall is slowly returning to retail destinations following the peak of the coronavirus pandemic, but which sectors are capitalising on that traffic and enticing customers into their stores? Springboard data shared exclusively with Retail Week reveals the sectors that are emerging as the winners and losers.
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Analysis
Marks & Spencer job cuts – harsh medicine, but necessary
Marks & Spencer’s biggest round of job cuts ever has sent shockwaves through retail. Around 7,000 roles will be axed – and that is on top of 950 redundancies revealed just a month ago.
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Opinion
‘After restaurants’ beanfeast, it’s time to launch Shop Out to Help Out’
Rishi Sunak’s Eat Out to Help Out scheme has been a huge success, for which the chancellor deserves credit. Retailers should find ways to replicate it.
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News
Train companies seek government aid for station retail tenants
Britain’s train companies are lobbying the government to introduce rent cuts and payment holidays for retail tenants at their stations to help them through the coronavirus pandemic.
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News
Amazon in talks to convert JC Penney stores into fulfilment centres
Amazon is currently negotiating with JC Penney and Sears mall owner Simon Property Group to turn its abandoned department stores into Amazon distribution centres.
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Opinion
Thierry Garnier: ‘In a crisis, speed, agility and empowerment beat perfection’
B&Q owner Kingfisher’s chief executive Thierry Garnier on how the home and DIY retail giant responded to the Covid-19 pandemic, and why ‘done is better than perfect’
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News
Apple tells landlords to slash store rents
Apple is seeking steep cuts to the rents its pays in its UK store estate.
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News
Bullring owner Hammerson raises cash after Covid hit
Retail property giant Hammerson is considering a rights issue and is in talks about an asset sale as it seeks to recover from the impact of the coronavirus pandemic.
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News
Amazon prepares to launch chain of Go stores in UK
Online giant Amazon intends to launch as many as 30 Amazon Go cashierless convenience stores in the UK.
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Opinion
‘John Lewis chair White keeps the best and updates the rest’
Meet the new John Lewis, same as the old John Lewis – up to a point, anyway. And up to an important point, which should never be lost.
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Opinion
‘Don’t believe all the online hype – Next and Majestic show value of stores’
Amid a slew of strategic shifts focused on online growth and store closures, it was refreshing to have some timely reminders of the power of bricks and mortar this week.
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News
John Lewis chair White sets out new course in strategy update
Department stores and grocery group John Lewis Partnership has revealed the direction it will take following a strategic review.
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News
Westfield hails ‘encouraging’ footfall in reopened malls
Property giant Unibail-Rodamco-Westfield (URW) has hailed an “encouraging footfall recovery” at its malls since they reopened following lockdown.
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News
Majestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
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News
Card Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
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News
Greggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
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News
Frasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
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News
High streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.
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News
Huawei makes UK retail debut with launch of three stores
Huawei is ploughing £10m investment into the launch of three stores on UK high streets over the next year, creating 100 new jobs.
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News
Bensons bolsters tops team as it prepares to streamline store estate
Bensons for Beds has appointed a new chairman and strengthened its executive team in a bid to drive the business’ profitable growth.