All Stores and property articles – Page 152
-
NewsNew Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
-
NewsMicrosoft to shut all of its stores worldwide
Technology giant Microsoft is to close all 83 shops globally and focus on selling online instead.
-
AnalysisAnalysis: As Intu collapses, is the shopping mall dead?
As shopping centre giant Intu plunges into administration, Retail Week asks whether the mall is dead?
-
NewsIntu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
-
NewsIntu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
-
NewsBeaverbrooks sales soar as shoppers flock back to stores
Jewellery retailer Beaverbrooks has reported a marked increase in sales in the week following its reopening of stores on June 15.
-
NewsLandlords brace for worst quarterly rents day
Retail landlords are bracing for what could be the worst quarterly rent day ever, when what is paid could be as little as 10% of what is owed.
-
AnalysisWeek one of store trading post-lockdown – what you need to know
In the week that non-essential stores reopened up and down the country footfall figures jumped, but areas like the West End and central London continued to struggle.
-
NewsRetailers warn VAT cut could heighten coronavirus risks
Senior retailers have raised concerns that any temporary cut to VAT could result in extra cash-handling and increase the risk of spreading the virus.
-
NewsBan on high street evictions extended until the autumn
The government has extended its ban on evictions of high street businesses over non-payment of rents until at least the autumn.
-
NewsWestfield House of Fraser to become co-working space
The owner of the Westfield London White City shopping centre has set out plans to turn the House of Fraser store there into a co-working space in a bid to create a more mixed-use destination.
-
NewsJohn Lewis to reopen nine more stores after successful first week
John Lewis intends to reopen of nine more stores on June 25, after it initially reopened in Kingston and Poole on Monday and 11 more later in the week.
-
NewsStores to still drive 80% of retail transactions by 2025
Despite the growth in popularity of ecommerce and the effects of the coronavirus lockdown, new research has found that physical stores will still heavily influence retail transactions.
-
NewsShops in Scotland to reopen from June 29
High street retailers will be allowed to reopen stores in Scotland from June 29, though the measures announced by the first minister mean shopping centres must remain shut.
-
AnalysisAnalysis: Is Kingfisher’s new strategy enough to rebuild it?
Under the management of chief executive Thierry Garnier, who joined the group in September, Kingfisher has announced its new strategy, ‘Powered by Kingfisher’ – but will it be enough to turn things around?
-
NewsAll Saints launches CVA in bid to secure turnover-based rents
Embattled fashion brand All Saints has become the latest retailer to launch a CVA with the hopes of shifting most of its stores over to turnover-based rents.
-
AnalysisJohn Lewis, Superdry, Lush and Waterstones on trading in retail’s new normal
After three months of shuttered doors due to the coronavirus, English non-essential retail reopened to the public on Monday. Retail Week analyses the lessons to be learnt from the first days of trading.
-
OpinionOpinion: Reopenings reveal a flight to value that retail must embrace
It has become something of a recurring theme during this pandemic, but retailers and their frontline workers did themselves proud again on Monday.
-
NewsStruggling Poundstretcher launches CVA
Variety discount retailer Poundstretcher has launched a company voluntary arrangement to help restructure its struggling business and appointed KPMG to help drive the turnaround.
-
NewsWickes owner Travis Perkins to slash jobs and close stores
Wickes owner Travis Perkins is set to slash 2,500 UK jobs and close 165 stores across its various brands due to weaker than expected demand for building materials due to the ongoing coronavirus pandemic.