All Shopping centres articles – Page 10
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AnalysisWill ‘eat out to help out’ bring shoppers back to stores?
The government’s ‘eat out to help out’ scheme launched on Monday and there are hopes that retailers could feel a halo effect after diners flocked to shopping locations for a cheap bite.
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AnalysisWeek seven of trading post-lockdown – what you need to know
Footfall across all shopping destinations in the UK inched up marginally last week due to a combination of mandatory face masks in stores and the unpredictable weather conditions.
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NewsRetail vacancy rates climb as government scales back relief funds
Vacancy rates across UK shopping destinations increased to 12.4% in the second quarter of 2020, compared with 12.2% in the first quarter.
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NewsWestfield hails ‘encouraging’ footfall in reopened malls
Property giant Unibail-Rodamco-Westfield (URW) has hailed an “encouraging footfall recovery” at its malls since they reopened following lockdown.
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AnalysisWeek six of trading post-lockdown – what you need to know
Footfall levels continued to inch up last week, despite the introduction of mandatory face masks and unseasonably wet weather over the weekend in England.
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NewsWeek five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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NewsIntu slashes head office roles as future of centres hangs in the balance
Embattled landlord Intu has slashed jobs at both its London head office and one of its subsidiary property companies after collapsing into administration earlier this month.
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AnalysisWeek four of trading post-lockdown – what you need to know
Footfall more than doubled week on week in the fourth week of trading since lockdown restrictions were lifted, buoyed by the reopening of the hospitality sector.
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GalleryIn pictures: Harrods’ new concept Outlet store at Westfield London
To help clear excess stock that could not be sold due to the coronavirus pandemic, Harrods has launched its first outlet store in Westfield London.
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OpinionOpinion: Summer statement cements retail’s place as UK’s invisible industry
There was hope, rather than expectation, that chancellor Rishi Sunak would offer retailers a lifeline this week.
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AnalysisWeek three of trading post-lockdown – what you need to know
With all retail stores across the UK permitted to reopen from June 29, footfall improved week on week in almost all shopping destinations in week three.
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NewsLandsec hails ‘encouraging’ footfall and reinstates dividend despite rents dip
Landsec has hailed “encouraging” levels of footfall in its centres and will reinstate its shareholder dividend from November, despite retail occupants dragging their feet with rents.
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NewsFace coverings to be mandatory in Scottish shops from next week
The use of face masks or other coverings will become mandatory in shops in Scotland from July 9 as part of the country’s easing of lockdown restrictions.
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GalleryIn pictures: The retailers opening new stores in lockdown
While many retailers have tightened their belts to counter the impact of the coronavirus pandemic, some have used the time to launch new concept stores to expand their reach.
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NewsLandlords bank on retail recovery despite falling rent collections
In separate updates today, institutional landlords Hammerson and British Land have outlined hopes for a retail recovery despite struggling to recoup rents for the most recent quarter.
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AnalysisAnalysis: As Intu collapses, is the shopping mall dead?
As shopping centre giant Intu plunges into administration, Retail Week asks whether the mall is dead?
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NewsIntu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
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NewsIntu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
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NewsLandlords brace for worst quarterly rents day
Retail landlords are bracing for what could be the worst quarterly rent day ever, when what is paid could be as little as 10% of what is owed.
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NewsWestfield House of Fraser to become co-working space
The owner of the Westfield London White City shopping centre has set out plans to turn the House of Fraser store there into a co-working space in a bid to create a more mixed-use destination.