All Property articles – Page 3
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Opinion‘Wilko’s demise doesn’t mean the death of the high street’
The collapse into administration of Wilko has been seen as symbolic of an ongoing ‘death of the high street’ as the town centres in which it mainly operates face the prospect of yet more shuttered stores – some in places where former Debenhams or Topshop stores may still stand empty since they toppled.
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NewsCostco targets new UK stores as part of major expansion
Value retailer Costco has targeted 14 new UK stores over the next two years, as part of a major UK expansion.
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NewsShoplifters who commit repeat offences threatened with prison
Shoplifters, thieves and violent people who commit repeated offences could be handed mandatory prison sentences under plans being mulled by the government.
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NewsJohn Lewis downsizes head office space as it relocates
The John Lewis Partnership is to halve the size of its headquarters after securing new premises in central London.
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NewsBritish Land calls retail parks ‘winning retail format’
Property group British Land posted “strong operational momentum in the business” and said “retail parks continue to be the winning retail format” ahead of its AGM later today.
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NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
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NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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NewsAsda and Sainsbury’s ordered to end ‘anti-competitive’ property restrictions
Asda and Sainsbury’s are removing restrictions on rivals operating on land they own following an intervention by the competition regulator.
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NewsWilko considers CVA among turnaround options
Variety retailer Wilko is pondering the possibility of a CVA among a range of options as new chief executive Mark Jackson seeks to turn around the business.
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NewsLondon Designer Outlet posts record sales
London Designer Outlet (LDO) has posted its best first-quarter results on record, with sales up 17% year on year.
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NewsJohn Lewis set to downsize London HQ as staff favour working from home
John Lewis Partnership is set to exit its headquarters and search for new offices in central London “because it needs less space” as staff continue to work from home following the pandemic, according to a report in The Times.
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AnalysisHas Regent Street overtaken Oxford Street as the UK’s most desirable retail location?
Oxford Street was once one of the most desirable retail thoroughfares on the planet, but a toxic mix of shady candy shops and shuttered stores have torched its reputation. All the while, investment from new brands and high street heroes has been flowing into neighbouring Regent Street.
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NewsExclusive: Oxford Street has more empty shops than average British high street
London’s premier shopping thoroughfare is lined with more vacant units than the average British high street, Retail Week can reveal.
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GalleryStore gallery: B&Q opens Local c-stores in high street push
DIY specialist B&Q has opened its first two smaller-format Local convenience stores as it plans to sharpen its focus on the high street.
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NewsMike Ashley in talks to become rivals’ landlord with £100m shopping centre investment
Mike Ashley is poised to invest up to £100m in shopping centres in a bet that rising footfall will boost their popularity.
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AnalysisDeep dive: Are we witnessing the death of the retailer HQ?
As hybrid working, advances in technology and cost pressures make the traditional head office less viable, Retail Week asks whether its days are numbered
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NewsMorrisons strikes warehouse sale and leaseback deal for £220m
Morrisons is said to have entered a sale and leaseback deal to accelerate the rollout of its convenience store format.
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NewsJohn Lewis launches £500m rental homes joint venture
John Lewis has partnered with investment firm Abrdn on a £500m, multi-decade partnership to deliver part of its rental homes target.
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AnalysisThe Retail Inn: How brands are using hotels as a shop window
The Retail Inn: How brands are using hotels as a shop window
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NewsPrimark to plough £140m into UK high streets, creating 850 jobs
Primark has pledged to invest £140m into new shops across the UK during the next two years in a plan that will create at least 850 new jobs.