All Property articles – Page 9
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Opinion‘Thorntons’ plight lays bare risks of chasing revenue over relevance’
Britain’s high streets mourned the loss of another business this week. Thorntons became the latest name to shut up shop as the chocolatier said its 61 stores will not reopen when lockdown restrictions are lifted next month.
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NewsIceland launches Swift convenience format as Thorntons closes all 61 stores
Iceland has lifted the lid on plans to launch a new Swift convenience format as it bids to take a bigger slice of the lucrative food-to-go market.
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GalleryIn pictures: The Very Group unveils refurbished HQ ready for hybrid working
The Very Group’s headquarters have been refurbished to “create the optimum team working space” for the group’s 2,100-strong head-office workforce when they return later this year.
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NewsStore closures hit record high of 48 per day in 2020
More than 17,500 stores closed in 2020, marking the biggest decline in shop numbers in over a decade.
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OpinionIan Middleton: ‘Councils shouldn’t play around with shopping centre investments’
In recent years, local authorities have created something of a commercial property gold rush.
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NewsAmazon Go to open first UK store this week
Amazon will open its first in a tranche of contactless grocery stores in the UK this week.
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NewsJohn Lewis plots ‘hundreds’ of shop-in-shops inside Waitrose stores
John Lewis plans to launch hundreds of shop-in-shops inside Waitrose stores and is also plotting a smaller “local” format as part of a radical overhaul of its portfolio.
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NewsNon-essential retail to open on April 12 if Covid conditions met
Non-essential retailers will be allowed to reopen shops in April, alongside gyms, hairdressers and outdoor hospitality, if strict conditions are met, according to plans set out by the prime minister.
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Opinion‘John Lewis is knowingly underselling itself by closing even more stores’
It is hard to believe it was only seven years ago that John Lewis was splashing hundreds of millions of pounds on 20 new department store openings.
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NewsM&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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NewsJohn Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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AnalysisThe Big Question: Will Oxford Street regeneration plans revive retail’s fortunes?
Earlier this week, Westminster City Council unveiled a £150m strategy to revamp Oxford Street
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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NewsArcadia property sales raise hopes for retailer’s pensioners
Pensioners at Sir Philip Green’s collapsed Arcadia fashion empire may receive more from their savings than originally feared, following property disposals.
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NewsBurberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.
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NewsTed Baker warns of £5m Brexit bill as festive sales slide
Ted Baker has warned it faces £5m of additional costs associated with Britain’s exit from the EU as it grapples to revive its fortunes.
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NewsRetailers lose £22bn in sales during coronavirus lockdowns
Retailers lost £22bn in sales last year after nationwide lockdowns decimated the performance of physical stores.
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NewsJanuary retail sales slide as shoppers cut back non-essential spending
January retail sales registered the sharpest decline since last May as customers reined in spending and lockdown hammered store sales.
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AnalysisDo you really need shops? Lessons from Cath Kidston, Karen Millen and Coast
As pureplays Boohoo and Asos scoop up the brand rights to former high street darlings Debenhams and Topshop, switching them to online only, Retail Week gleans lessons from brands that have already ditched their stores.