All Property articles – Page 199
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OpinionComment: Why omnichannel cannot save the high street
An omnichannel approach is essential for retail chains, but click-and-collect will not stop the online channel’s squeeze on the high street.
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NewsRetail insolvencies increase in first quarter of 2013
Retail was one of the hardest hit sectors in the first quarter of 2013 with the number of insolvencies rising 1.75% to 407 despite a 10.2% drop across the UK.
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AnalysisThe UK Retail Sector Inquiry: What do retailers need to know?
Parliament is to consider the health of the retail sector as it goes through a period of change.
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News
Central Retail Corporation buys Copenhagen department store
Thailand-based multi-format operator Central Retail Corporation has entered Denmark by acquiring Illum, a famous Copenhagen department store.The company plans to invest THB2bn (£45m) to renovate the store over the next four years. Central Retail chief executive Tos Chirathivat said the renovation would help Illum boost its income from THB5bn (£112.6m) ...
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News
Ahold completes sale of ICA stake
Grocer Ahold has completed the sale of its stake in Scandinavian retailer ICA to Hakon Invest of Sweden.Ahold held 60% in grocer ICA and jointly shared a controlling interest with Hakon Invest.In February, the latter agreed to buy Ahold’s stake for SEK21.2bn (£2.14bn) in cash.
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News
French retailer Auchan gets green light for Real hypermarkets acquisition
French retailer Auchan has been given the green light for its acquisition of Metro Group’s Real hypermarkets in Ukraine, along with its property division.Metro Group only has two Real stores in Ukraine, one in Kiev and the other in Odessa.
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NewsUS toughest retail market to crack due to size of country
Retailers believe the US is the hardest market to break into despite it being the top destination they want to grow in, a survey from Barclays shows.
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NewsRetailers’ costs squeezed as business rates increase comes into force
As the new business rates increase came into force yesterday, retailers will be hit with an additional £175m business rates bill this year.
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NewsInquiry into the retail sector to look at business rates impact
Tackling the business rates burden is likely to be a major part of the recently-launched inquiry into the UK retail sector.
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NewsLaura Ashley blames fall in fashion sales on poor product offering
Laura Ashley has admitted it got its fashion product offering wrong after reporting a “disappointing” fall in full-year clothing sales this morning.
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GalleryIn pictures: Peter Jones reopens Jessops Oxford Street flagship
Peter Jones, star of Dragons’ Den and owner of Jessops, aims to attract shoppers through sharp prices, a multichannel offer and vibrant store experience, he said at the relaunch of the camera retailer today.
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NewsJessops reopens its doors under new owner Peter Jones of Dragons' Den
Jessops will today reopen its doors as Dragons’ Den TV star and new owner Peter Jones revives the 78-year-old business.
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GalleryStore gallery: Plenty in store at Trinity Leeds shopping centre
The opening of the Trinity Leeds shopping centre last week marked a new chapter for retail in Yorkshire’s commercial capital.
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AnalysisAnalysis: Trinity Leeds brings city a retail showcase it deserves
As the only big mall opening of the year and the first since Westfield Stratford City in September 2011, Trinity Leeds needed to make a splash. It did.
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AnalysisInternational analysis: Auchan on course to become €100bn retailer
Auchan’s sales jumped 5.8% to E46.9bn (£39.9bn) in the year ended December 31, fuelled by expansion and like-for-like performance.
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NewsRetailers meet with Government to debate high street's future
The Government’s new Future High Streets Forum, co-chaired by Alliance Boots’ health and beauty boss Alex Gourlay, met for the first time today to attempt to plot a course for the high street’s recovery.
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NewsSainsbury's accelerates convenience store expansion in London
Sainsbury’s is to accelerate its convenience store expansion in London and the Southeast as competition in the area hots up.
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OpinionComment: Trinity Leeds and Buchanan Street – the last hurrah?
Leeds and Glasgow were the locations last week in which excited, or so it seemed, shoppers headed out to inspect new shopping destinations.
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NewsLand Securities' Buchanan Street extension opens in Glasgow
Land Securities has opened its Buchanan Street development in Glasgow today, following the debut of its Trinity Leeds centre yesterday.
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.