All Property articles – Page 13
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Opinion‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
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NewsNew Look future hangs in balance as property giants reject CVA
Two of New Look’s biggest landlords are poised to vote against its crunch CVA today in a move that will throw the fashion retailer’s survival into doubt.
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NewsBoohoo eyes New Look as crunch CVA vote looms
Boohoo is understood to be planning a swoop on New Look if its CVA is not voted through by landlords this week, with the fashion retailer warning it could collapse without rent cuts.
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AnalysisAnalysis: How coronavirus has shifted JD Sports boss Cowgill’s priorities
JD Sports has made a name for itself as one of UK retail’s star performers. And despite the hammer blows coronavirus has delivered to swathes of the sector, the sports fashion giant has emerged bruised but still swinging.
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NewsNew Look: Fate lies with landlords as sale option shut off
The future of fashion retailer New Look now relies upon landlords after a sale process conducted in tandem with a CVA proposal failed to produce a deal.
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NewsQuiz wins better rental terms following stores administration
Fashion retailer Quiz has won more flexible leases after putting its stores business into administration to conduct a restructuring.
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AnalysisAnalysis: How can city centres rebound in a coronavirus world?
As one-time commuters predominantly continue to work from home post-lockdown, Retail Week assesses what can be done to encourage people to return to hard-hit city centres
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NewsPret a Manger to launch coffee subscription service
Pret a Manger is launching a coffee subscription service as it ramps up its multichannel strategy.
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OpinionJacqueline Gold: ‘We’ve put more family money into Ann Summers, but now I’m facing a CVA’
The Covid-19 pandemic has been an extraordinary time for all retailers. With all our stores closed at Ann Summers, the focus shifted to online, and thanks to the heroics of our colleagues, we managed to meet a significant step up in demand while people were in lockdown. I can’t imagine why…
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NewsAnn Summers ponders CVA after ‘toughest year’
Lingerie and sex toys specialist Ann Summers is poised to launch a CVA after suffering increased losses in its latest reported year.
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NewsNext to open beauty stores in former Intu Debenhams branches
Fashion giant Next has signed deals with retail property group Intu to open new-concept beauty halls.
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NewsRetailers and landlords clash over rent holiday
The biggest lobby groups representing retailers and landlords have become embroiled in a row over rent holidays amid the coronavirus crisis.
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DataData: The retail sectors capturing footfall since stores reopened
Footfall is slowly returning to retail destinations following the peak of the coronavirus pandemic, but which sectors are capitalising on that traffic and enticing customers into their stores? Springboard data shared exclusively with Retail Week reveals the sectors that are emerging as the winners and losers.
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AnalysisMarks & Spencer job cuts – harsh medicine, but necessary
Marks & Spencer’s biggest round of job cuts ever has sent shockwaves through retail. Around 7,000 roles will be axed – and that is on top of 950 redundancies revealed just a month ago.
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Opinion‘After restaurants’ beanfeast, it’s time to launch Shop Out to Help Out’
Rishi Sunak’s Eat Out to Help Out scheme has been a huge success, for which the chancellor deserves credit. Retailers should find ways to replicate it.
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NewsTrain companies seek government aid for station retail tenants
Britain’s train companies are lobbying the government to introduce rent cuts and payment holidays for retail tenants at their stations to help them through the coronavirus pandemic.
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NewsAmazon in talks to convert JC Penney stores into fulfilment centres
Amazon is currently negotiating with JC Penney and Sears mall owner Simon Property Group to turn its abandoned department stores into Amazon distribution centres.
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OpinionThierry Garnier: ‘In a crisis, speed, agility and empowerment beat perfection’
B&Q owner Kingfisher’s chief executive Thierry Garnier on how the home and DIY retail giant responded to the Covid-19 pandemic, and why ‘done is better than perfect’
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NewsApple tells landlords to slash store rents
Apple is seeking steep cuts to the rents its pays in its UK store estate.
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NewsBullring owner Hammerson raises cash after Covid hit
Retail property giant Hammerson is considering a rights issue and is in talks about an asset sale as it seeks to recover from the impact of the coronavirus pandemic.
