All Property articles – Page 275
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OpinionScottish government has it wrong on retail
You might expect that politicians would be thankful that retailers are creating jobs and prosperity, but there’s one part of the UK where the government seems hell-bent on an anti-big business agenda.
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NewsWolfson attacks planners for holding back economy
Next chief executive Lord Wolfson of Aspley Guise has attacked planners for holding back economic growth.
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NewsHabitat to exit Regent Street store
Habitat is closing its Regent Street store in Central London because it “no longer fits” with the retailer’s strategy.
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OpinionTaxing big stores won’t save small shops
“It is only fair that the largest, profitable businesses make a greater contribution and if this helps sustain businesses in many of our town and city centres that is an added advantage.”
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NewsScottish Parliament advised by committee to scrap planned levy on large retailers
Retailers are unlikely to have to pay extra tax on larger stores in Scotland after the Local Government and Communities Committee of the Scottish Parliament voted in favour of annulling the proposed Large Retailer Levy.
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News
Wolverhampton shopping centre plans to be scrapped
Plans to build a £300m shopping centre in Wolverhampton look likely to be scrapped after a report for the council found that the financial risks of investing public money in the scheme are too great.
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NewsFoyles to open first shop outside London in 70 years
Bookseller Foyles is to open its first shop outside London for 70 years, in Bristol’s Cabot Circus.
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NewsLondon, Glasgow and Manchester best for town centre shopping
London, Glasgow, and Manchester offer the best town centre shopping experience, according to research from retail consultancy Verdict.
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NewsScottish Parliament committee raises questions over planned levy on large retailers
The Scottish government is again being urged to reconsider its proposed levy on large retailers, as a report by the Scottish Parliament’s Finance Committee questions how the policy will support town centre retailing.
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NewsRestructuring specialist plots turnaround of HPJ Jewellers
Gordon Brothers understood to be negotiating rents on stores but has administrators on standby
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NewsAsda to open 22 new phone concessions this year
Asda will open another 22 phone shop concessions this year after a successful trial of two of them in its Manchester Eastlands and Sutton Coldfield superstores.
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NewsTesco's JV with British Land refinances 8-store portfolio
Tesco’s joint venture company with British Land, BLT Properties, has refinanced its superstores portfolio.
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NewsO2 to close 40 stores and invest in remainder
Phone retailer and telecomms firm O2 is to close 40 of its 493 stores this year and instead invest in its best performing shops.
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NewsAsda unloads 39 Netto stores
Asda has sold 39 of the 47 Netto stores it had to dispose of as part of its £778m acquisition of the retailer in summer last year.
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NewsAccessible stores give Blue Inc a festive boost
Fashion specialist Blue Inc, which is considering a flotation, generated a sales uplift over Christmas helped by the accessibility of its stores.
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News
A third of Woolworths stores still vacant two years after closure
A third of Woolworths’ 800 former stores still lie empty two years after the shutters came down, and experts believe that they are likely to remain vacant because of their locations.
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AnalysisHow many stores does a retailer need?
Could HMV’s decision to downsize signal a more general trend for retailers to slim down their property portfolios, asks Nicola Harrison
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NewsAsda sells 39 Netto stores as part of OFT disposal deal
Asda has sold 39 out of the 47 Netto stores it had to dispose of as part of its £778m acquisition in summer last year.
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NewsRussian oligarch Mamut increases his stake in HMV
Russian oligarch Alexander Mamut has increased his stake in HMV again, to more than 6%.
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NewsDunelm's Christmas like-for-likes slide
Dunelm Group has reported a like-for-like sales fall of 4.2% in its second quarter over the Christmas period, resulting in a like-for-like dip of 1.2% for its first half.