All Property articles – Page 10
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NewsThe 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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NewsJohn 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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NewsNext 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Next has withdrawn from the bidding process to acquire Arcadia’s Topshop brand, despite previously being pinned as the frontrunner to snap up the fashion retailer.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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NewsDebenhams 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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NewsCovid-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?
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NewsAsos to launch £90m warehouse, creating 2,000 jobs
Asos has unveiled plans to open a new £90m warehouse to support “ever-increasing customer demand” and help it accelerate its delivery capabilities.
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NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
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NewsThousands more non-essential stores to close in tier four areas from Boxing Day
Non-essential retailers face the prospect of closing thousands more stores with new swathes of the UK set to be plunged into tier four restrictions from Boxing Day.
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AnalysisTier four fears: Retail CEOs on shop closure ‘body blow’ and port delays
After the toughest of years, retailers were dealt another savage blow in the crucial final trading week ahead of Christmas.
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NewsTier four non-essential retail closures will have ‘severe’ consequences
‘Non-essential’ retailers in London and the Southeast of England have been forced to shut shops in the final week of Christmas trading under new tier four restrictions.
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NewsPrimark’s Paul Marchant: Anyone who thinks shopping in person is over is naïve
Primark boss Paul Marchant has launched a passionate defence of physical retail and called for more investment to be ploughed into Britain’s high streets in the wake of the coronavirus crisis.
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NewsB&M and Pets at Home follow grocers and forego rates relief
Value giant B&M and specialist retailer Pets at Home have become the latest retailers to waive business rates relief after Tesco sparked a spate of such initiatives earlier this week.
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GalleryStore gallery: Majestic debuts new branding and fine wine push
Majestic Wine has debuted its refreshed branding at its newest store inside Beckenham’s iconic Chinese Garage.
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NewsPret a Manger to launch hot dinner menu this week
Pret a Manger will launch a range of hot dinner options this week as it ramps up its response to the coronavirus crisis.
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GalleryStore gallery: Inside Sainsbury’s new ‘neighbourhood hub’ format
Sainsbury’s is ramping up plans to roll out its larger ‘neighbourhood hub’ convenience store format.
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AnalysisAnalysis: Vaccine joy sparks share price snakes and ladders
Welcome news of a coronavirus vaccine has sparked a stock market shift as investors rushed to buy and sell shares. Big-name retail and other consumer stocks shunned during the pandemic were back in fashion, while lockdown stars took a hit.
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NewsLandsec signals further fall in rents likely
Landsec, the retail property group, expects shopping centre rents to fall because of the impact of the Covid pandemic and an “ongoing structural shift to a lower rent model”.
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NewsRetail sales rise in October boosted by pre-lockdown splurge
Retail sales recorded a year-on-year uplift in October, which British Retail Consortium (BRC) boss Helen Dickinson says demonstrated many retailers “finding their footing” prior to the second lockdown.
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Opinion‘Retailers’ cash is stronger than expected, but the outlook has weakened’
HSBC UK head of retail and leisure James Sawley takes the temperature of retail performance and finances as a new lockdown begins.