All Property articles – Page 207
-
News
Galeries Lafayette to open first Chinese store
Galeries Lafayette is to open its first Chinese store in the Xidan commercial district of Beijing in September. It will occupy six floors and cover 516,000 sq ft.Beijing Galeries Lafayette managing director Shen Lang said the store will offer young Chinese shoppers “quality, innovation and uniqueness”.
-
NewsFashion chain Republic poised to plunge into administration
Fashion retailer Republic is understood to be on the verge of administration, with administrator Ernst & Young waiting in the wings.
-
NewsHomewares retailer Dunelm pre-tax profits soar 14.6% in first half
Homewares specialist Dunelm pre-tax profit soared 14.6% to £59.8m in its half year to December 29 as its store expansion continued with 10 superstores opened over the period.
-
NewsDanish mattress brand Tempur Mattresses to open first UK store in Bluewater
Danish mattress brand Tempur Mattresses, which uses NASA technology to create its products, is to open its first store in the UK in Bluewater shopping centre this summer.
-
NewsHMV to shut 66 loss-making stores
HMV’s administrator will close 66 stores over the next one to two months, putting 930 jobs on the line.
-
NewsGovernment develops forum to boost struggling high streets
The Government is establishing a national Future High Streets Forum, co-chaired by Alliance Boots health and beauty chief executive Alex Gourlay, to develop the work done by the Portas Pilots.
-
NewsTroubled Store Twenty One pleads for urgent rent relief
Troubled fashion retailer Store Twenty One has written to its landlords asking for an immediate cut in rent, warning that without help it faces liquidation.
-
News
Thai retailer CP All outlines growth plans
Thai retailer CP All has outlined growth plans for its domestic and overseas markets. It plans to boost investment and expand its 7-Eleven convenience store chain to China and neighbouring countries.In Thailand, CP All intends to spend between Bt6bn and Bt6.5bn (£128.1m to £138.7m) this year opening 500 to 550 ...
-
AnalysisAnalysis: Westfield and Hammerson help restore Croydon’s standing in retail
After months of standoff, property developers Westfield and Hammerson have agreed to work together to develop Croydon town centre. Caroline Parry finds out about their plans.
-
OpinionComment: Reinvent your high street to avoid its demise
Last year, I highlighted the uneven playing field for store-based retail in relation to pure play, which does not face onerous rent and rates bills and is not even expected to make a profit.
-
NewsMorrisons boss Dalton Philips vows to ‘fight hard’ to win back spend
Morrisons chief executive Dalton Philips has issued a rallying cry to staff to “fight hard” in a bid to get the beleaguered grocer back on track.
-
NewsTesco to open first in-store Harris + Hoole in London Bridge
Tesco is to open its first Harris + Hoole coffee shop in one of its stores after securing planning permission at its Tooley Street store in London Bridge.
-
NewsMarks & Spencer eyes European expansion for Simply Food format
Marks & Spencer is to launch its Simply Food concept into other Western European countries after it enjoyed strong food sales in its Paris flagship store.
-
News
Best Buy to close 15 big-box Canadian stores
US-based electronics specialist Best Buy has revealed it will close 15 of its big-box stores in Canada.The initiative is the first step in a three-year strategy to optimise Best Buy’s retail footprint across its markets, according to the company.The retailer plans to open Future Shop small stores, ecommerce banners and ...
-
News
Supermarket chain Mega Image opens new-model store
Delhaize Group’s Romanian supermarket chain Mega Image has opened a new-model store in Bucharest. The store is twice as large as an average Mega Image shop with 17,200 sq ft of sales space and differs in its broad assortment, modern layout and signage.The store focuses mainly on fresh food, particularly ...
-
News
H&M reports sales increase
H&M’s sales including VAT for the full year 2012 rose 11% in local currencies.Net profit for the full year was up 7% to SEK16.87bn (£1.7bn) compared with SEK15.82bn (£1.59bn) in 2011.H&M opened 304 new stores worldwide in 2012 and will add 325 more this year, with the fastest rate of ...
-
News'Midsummer murder' for retailers if Government pushes back rates revaluation
Retailers face a “midsummer murder” if the Government presses ahead with a postponement to business rates revaluation by two years.
-
NewsConran Shop enjoys strong Christmas as it rolls out new store design
Upmarket furniture retailer Conran Shop is poised to roll out its new store design across the business after reporting a strong Christmas.
-
OpinionComment: Government 's business rates appeals backlog must be tackled
It is clear that the retail sector is under pressure, whether it’s because another retailer is heading into administration or the impact of the rapid rise of etail on high streets.
-
NewsRepublic chairman Andy Bond departs as restructurer KPMG appointed
Republic chairman Andy Bond left the fashion retailer last week it has emerged, as it appointed restructurer KPMG to help it shed some of its 121 stores.