All Property articles – Page 24
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AnalysisAnalysis: How the St James centre will realign Edinburgh retail
The developers behind the new Edinburgh St James shopping centre believe that once completed, the scheme will put the city’s retail offering on the world stage. Retail Week explores how the scheme is playing a part in a wider realignment of the city’s traditional retail hubs.
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NewsHMV set to unveil new experiential Birmingham flagship
HMV will open a new flagship in Birmingham city centre next month which will act as a live music space and focus on vinyl records.
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NewsShoe Zone issues profit warning as chief executive exits
Shoe Zone chief executive Nick Davis has resigned from his role as the retailer warns that full-year profits will be below expectations due to “tough high street trading”.
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NewsAlibaba launches first European store in Spain
Alibaba has opened its first physical store in Europe on institutional landlord Intu’s Xanadú scheme in Madrid.
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NewsForever 21 poised to file for bankruptcy in US
Forever 21 is poised to file for bankruptcy in the US after talks over a potential refinancing deal stalled.
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NewsHammerson launches Leeds City Quarters concept
Hammerson has unveiled plans for its latest City Quarters concept in Leeds, which will sit adjacent to its Victoria Gate shopping centre in the city.
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NewsArcadia hails creditors’ support as CVA challenge dropped
Arcadia Group’s chief executive has hailed the “loyal support” of staff, customers and creditors after confirming that the legal challenge from US landlords to its company voluntary arrangement has been dropped.
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NewsClarks asks landlords for rent reductions
Footwear brand Clarks is demanding rent reductions of up to 30% from landlords, as it seeks to overcome a spell of poor trading.
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OpinionOpinion: Retail property owners need to fix their trust issue
There were many reasons for the 2008 financial crisis. Blame is often laid at the door of the subprime crises in the USA. But look deeper and some point to Bill Clinton repealing the Glass Steagal Act, which in turn, it is suggested, was a response to a lack of meaningful wage growth in middle America.
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AnalysisAnalysis: The risks and rewards of facial recognition in retail
Facial recognition technology burst into the headlines this month following an exposé in the Financial Times about its use in London’s King’s Cross.
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OpinionJacqueline Gold: We won’t let landlords jeopardise our success
You don’t have to be the chief executive of a retailer to know there has been a fundamental shift in the retail property market.
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NewsAnn Summers wins rent deals but CVA on cards for remainder
Ann Summers has won better property terms from landlords on most of its 100 branches but the refusal of property owners to be more flexible means a CVA may be considered for those where terms have not been struck.
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NewsMorrisons to shut four branches, jeopardising 400 jobs
Morrisons is to close four stores, putting about 400 jobs at risk.
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NewsOffice earmarks 15 loss-making stores for closure
Office is mulling the closure of 15 stores in the UK over the next two years as part of a wider turnaround strategy from parent company Truworths.
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News‘For sale’ sign raised over toy retailer Hawkin’s Bazaar
Toys and gadgets specialist Hawkin’s Bazaar has been put up for sale and offers are being sought for all or parts of the retailer.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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NewsTop retailers call on chancellor to fix broken business rates system
More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
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NewsShop vacancy rate hits worst level since 2015
The number of empty stores across the UK has hit its highest level for over four years, new figures have revealed.
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NewsLandmark London department store to shut next year
One of London’s most famous department stores, Debenhams’ former Arding and Hobbs branch, is to close next year.
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NewsAldi to create 850 jobs with head office extension
Aldi has been given the green light to extend its head office and warehouse in Warwickshire, which the grocer said will create 850 new jobs.