All Property articles – Page 6
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News
McColl’s considers fresh equity raise to drive Morrisons c-store expansion
Convenience chain and Morrisons wholesale partner McColl’s is exploring an equity raise to drive the expansion of its Morrisons Daily store format.
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News
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.
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News
The Works emerges stronger after ‘intensely challenging year’
Arts and crafts specialist The Works has reported that it is well positioned for the future after navigating the challenges of the pandemic.
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News
Marks & Spencer braced for cuts to opening hours amid Covid ‘pingdemic’
Marks & Spencer has warned it may be forced to slash opening hours at some of its shops if the number of staff being forced to self-isolate rises further.
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News
Ocado suffers second major warehouse fire in two years
Ocado has been forced to cancel thousands of orders and apologise to its customers following a fire at its largest warehouse in southeast London.
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Analysis
Back to the office – how retail HQs have been reshaped by the pandemic
In March last year, as the full threat of Covid-19 became ever clearer, the doors of retail head offices were slammed shut as the order was issued to work from home.
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News
Retailers ‘cautious’ on reopening despite final government guidance
Retailers are remaining cautious about lifting restrictions around face coverings and removing in-store safety measures following the publishing of government guidance around lifting restrictions from July 19.
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News
Hotel Chocolat profits to beat expectations as sales climb
Specialist retailer Hotel Chocolat’s full-year earnings will exceed expectations after annual sales rose strongly.
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News
Tina Green receives £50m payout from Topshop administrators
Tina Green has been handed £50m by administrators from the remains of her husband’s Arcadia empire.
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Opinion
Worldview: Walmart and Target prove the doomsters wrong on future of stores
When the pandemic shut stores across the US in early 2020, it did not take long for a chorus of doomsters to predict that the end was nigh for physical retail.
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Gallery
Store gallery: Sports Direct hails ‘new era’ with £10m Oxford Street revamp
Sports Direct has lifted the lid on its newest store concept on London’s Oxford Street as it accelerates its “elevation” strategy.
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News
Government gives retailers stay of execution with rent moratorium extension
The government has extended the commercial rent moratorium, preventing landlords from evicting tenants for failing to pay rent for another nine months.
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News
Debenhams targets high street return as owner Boohoo bids to woo beauty brands
Debenhams is plotting a return to the high street under new owner Boohoo as it attempts to strike deals with major beauty brands.
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Opinion
‘Ocado High Court ruling has big repercussions in on-demand grocery war’
“Disappointed” was Ocado’s verdict this week after it lost a High Court fight to open a new distribution centre in North London.
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Opinion
‘After unprecedented times, we need some fresh ideas about retail property’
I’m not often given to quote from the Bible, but the phrase “there’s nothing new under the sun” is hard to avoid when considering some of the approaches to post-lockdown retail right now.
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News
Data: Retail sales grow at strongest rate since Covid crisis hit
Retail sales grew in May at their strongest rate since the coronavirus pandemic hit the UK last March as the reopening of hospitality venues boosted footfall and spend.
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News
Pandemic leaves retailers with £2.9bn in accumulated rent debt
The moratorium on aggressive debt collection from landlords is set to end next month, meaning thousands of retailers could face legal action as total rent debt is estimated to be £2.9bn.
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News
John Lewis chair Sharon White calls for business rates replacement
John Lewis chair Sharon White has urged chancellor Rishi Sunak to replace the current business rates system with a new land tax to even the playing field between online and bricks-and-mortar retail.
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News
Footfall edges up as high street shopper numbers rise
Retail footfall registered a modest week-on-week climb in the week ahead of hospitality reopening, although high streets were the only retail destination that registered growth.
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News
Burberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.