All Property articles – Page 8
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News
Amazon Go to open first UK store this week
Amazon will open its first in a tranche of contactless grocery stores in the UK this week.
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News
John Lewis plots ‘hundreds’ of shop-in-shops inside Waitrose stores
John Lewis plans to launch hundreds of shop-in-shops inside Waitrose stores and is also plotting a smaller “local” format as part of a radical overhaul of its portfolio.
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News
Non-essential retail to open on April 12 if Covid conditions met
Non-essential retailers will be allowed to reopen shops in April, alongside gyms, hairdressers and outdoor hospitality, if strict conditions are met, according to plans set out by the prime minister.
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Opinion
‘John Lewis is knowingly underselling itself by closing even more stores’
It is hard to believe it was only seven years ago that John Lewis was splashing hundreds of millions of pounds on 20 new department store openings.
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News
M&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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News
John Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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Analysis
The Big Question: Will Oxford Street regeneration plans revive retail’s fortunes?
Earlier this week, Westminster City Council unveiled a £150m strategy to revamp Oxford Street
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News
Next boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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News
Arcadia property sales raise hopes for retailer’s pensioners
Pensioners at Sir Philip Green’s collapsed Arcadia fashion empire may receive more from their savings than originally feared, following property disposals.
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News
Burberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.
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News
Ted Baker warns of £5m Brexit bill as festive sales slide
Ted Baker has warned it faces £5m of additional costs associated with Britain’s exit from the EU as it grapples to revive its fortunes.
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News
Retailers lose £22bn in sales during coronavirus lockdowns
Retailers lost £22bn in sales last year after nationwide lockdowns decimated the performance of physical stores.
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News
January retail sales slide as shoppers cut back non-essential spending
January retail sales registered the sharpest decline since last May as customers reined in spending and lockdown hammered store sales.
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Analysis
Do you really need shops? Lessons from Cath Kidston, Karen Millen and Coast
As pureplays Boohoo and Asos scoop up the brand rights to former high street darlings Debenhams and Topshop, switching them to online only, Retail Week gleans lessons from brands that have already ditched their stores.
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News
The Works narrows interim losses as online sales double
The Works boss Gavin Peck has hailed the retailer’s “robust” performance at the half-year mark as online sales surged and stores experienced strong demand when allowed to open under government guidelines.
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News
John Lewis raises profit forecast after resilient Christmas performance
John Lewis has said its sales across Black Friday and Christmas “held up better than anticipated” and its profits will be ahead of previous guidance as a result.
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News
Next pulls out of race to acquire Topshop
Next has withdrawn from the bidding process to acquire Arcadia’s Topshop brand, despite previously being pinned as the frontrunner to snap up the fashion retailer.
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Opinion
‘As Debenhams exits, Oxford Street must learn from Paris’ radical reinvention’
Another one bites the dust.
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News
Debenhams axes Oxford Street flagship and 320 jobs with latest closures
Debenhams is permanently closing its Oxford Street flagship and five other stores, with the loss of 320 jobs.
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News
Covid-19: How retailers are stepping up to aid the vaccination effort
As the prime minister hinges the relaxation of the latest lockdown on the most vulnerable in society receiving a vaccine, what efforts are retailers making to hasten the process?