All Shopping centres articles – Page 15
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NewsIntu outlines enhanced safety measures ahead of ‘gradual’ reopening
Intu has outlined new social distancing and hygiene procedures for non-essential retail store occupiers as it eyes a “gradual” reopening of its shopping centres.
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OpinionDispatch: How UAE’s Majid Al Futtaim is adapting to Covid-19
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts who provide insights into how they are coping with the pandemic.
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NewsProperty giants Westfield and Landsec prepare for shopping centre reopenings
Shopping centre owners Westfield and Landsec are drawing up plans to reopen their malls as lockdown measures ease.
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NewsLess than half of UK consumers comfortable with returning to stores
Fewer than half of UK adults would be comfortable returning to retail environments, even with social distancing measures in place, due to the coronavirus pandemic, exclusive research for Retail Week has found.
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NewsLandsec reveals hole in portfolio and warns of lengthy recovery
Institutional landlord Landsec has revealed a near £1.2bn hole in its property portfolio and warned that it does not expect the economy to recover to pre-coronavirus levels until 2022 at the earliest.
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NewsRetail footfall plummets to record low as lockdown bites
Retail footfall plummeted to an all-time low in April, as shoppers adhered to lockdown restrictions and stayed at home.
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NewsRetail vacancy rates inch up as BRC warns of worse to come
Retail vacancy rates have inched up during the first quarter of the year, with the ongoing coronavirus pandemic likely to cause further damage according to the BRC.
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NewsDebenhams to shut stores in Hammerson centres at cost of 1,400 jobs
Debenhams is to shut five stores in some of the UK’s most-high profile malls after failing to agree on terms with landlord Hammerson, Retail Week can reveal.
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NewsCustomer limits and no-contact returns policies on agenda for store reopenings
A limit on the number of customers allowed in a store at any one time and no-contact returns are just some of the measures being considered by the government ahead of any non-essential store reopenings.
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NewsIntu drafts in restructuring expert in battle for survival
Intu has drafted in a chief restructuring officer in a bid to beef up its turnaround efforts.
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NewsIntu could lose control of key shopping centres
Bondholders of debt secured against retail property giant Intu are preparing plans that could see them seize the retailer’s key assets as early as June.
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NewsHammerson’s £400m retail park deal in doubt as buyer tries to pull out
Institutional landlord Hammerson has said the previously agreed £400m sale of its retail park portfolio is hanging by a thread, as the prospective buyer is looking to pull out of the deal.
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OpinionOpinion: ‘Business as usual’ will be anything but as lockdown measures ease
Travel forward in time – a few weeks, a few months, into the new year? – and imagine how retail might operate when, like moles blinking in the sun, consumers can emerge and go shopping in person again.
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NewsUK retail parks weather lockdown better than high streets
Retail footfall across the UK fell to the lowest levels on record in March, although retail parks were better able to weather the storm compared with high streets and shopping centres.
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AnalysisAnalysis: How coronavirus will change retail rents forever
With all non-essential retail stores shut, struggling landlords have found retail occupants unwilling or unable to pay quarterly rents. Will the coronavirus lockdown change retail rents forever?
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NewsUK retail footfall plummets to all-time low due to coronavirus lockdown
Retail footfall across the UK slumped to an all-time low in March as the impact of the coronavirus lockdown hit the high street hard.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsCoronavirus: Poundland puts 100 stores into ‘hibernation’
Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.
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NewsHammerson rental income plummets as struggling retailers fail to pay
Institutional landlord Hammerson said it only received about a third of the rent payments it was due for the second quarter of the year last week, as struggling retailers asked for coronavirus-related deferrals.
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NewsH&M threatens to walk away from leases without post-coronavirus sales revival
Swedish fashion giant H&M has threatened landlords with walking away from store leases if they do not see a return in turnovers to pre-coronavirus levels once the pandemic passes.