All Shopping centres articles – Page 9
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NewsLiverpool footfall plummets to July levels in first week of Tier 3 restrictions
Footfall in Liverpool has plunged to levels last seen at the end of the national lockdown in the summer, in the week since it became the first city to be placed into the government’s highest tier of Covid-19 restrictions.
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NewsRetail footfall slumps as three-tier Covid restrictions take effect
The government’s three-tiered Covid restrictions have had an “immediate impact” on retail footfall across the UK after coming into force late last week.
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NewsLondon mayor warns of ‘inevitable’ tighter restrictions across the capital
London mayor Sadiq Khan has said it is almost “inevitable” that the capital will face tightening restrictions from next week as Covid-19 cases continue to grow across the UK.
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NewsFootfall increase slowed by rule of six and 10pm curfew
Retail footfall across the UK slumped over the last five weeks as the government’s new restrictions on hospitality took their toll.
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NewsLandlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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NewsHammerson poaches new chief executive from Canadian real estate group
Institutional landlord Hammerson has announced the appointment of Rita-Rose Gagné as its new chief executive, taking over from David Atkins.
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NewsRevo chief executive warns of £2bn retail rent blackhole
Revo’s chief executive has warned of the consequences of retailers not paying rents, saying landlords are facing a £2bn arrears blackhole that will have knock-on effects across the industry.
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NewsIntu Milton Keynes taken over by Ellandi
Property group Ellandi has been appointed asset manager for Intu’s Milton Keynes shopping centre.
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AnalysisAnalysis: Can retail survive a second national coronavirus lockdown?
As Covid restrictions tighten and the prospect looms of further ‘circuit breaker’ measures, Retail Week looks at how the industry would fare in a second lockdown.
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NewsGovernment extends commercial evictions ban until the end of 2020
The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.
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NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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AnalysisAnalysis: The local councils on a mission to revive shopping centres
While shifting customer behaviours and now coronavirus have taken a heavy toll on traditional shopping centre owners, Retail Week looks at the councils and retailers seeking to revitalise these spaces.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
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AnalysisFrom e-bikes to pound shops: Meet the businesses filling gaps on the high street
While the pandemic continues to force many retailers to the wall, there are some old and new businesses still snapping up space. Retail Week meets those with ambitious store opening plans.
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OpinionThe Secret Retailer: ‘Financial cliff edge looms without rent standstill deal’
We have to secure an extension to the moratorium on landlords taking action against retailers that do not pay rent.
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NewsLondon and Southeast bounce back as rate of footfall growth jumps fourfold
Retail footfall across the UK jumped 4.1% last week, driven by surges in Greater London and the Southeast.
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NewsAmazon in talks to convert JC Penney stores into fulfilment centres
Amazon is currently negotiating with JC Penney and Sears mall owner Simon Property Group to turn its abandoned department stores into Amazon distribution centres.
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AnalysisWeek eight of trading post-lockdown – what you need to know
Retail footfall across the UK jumped 3.8% last week, as the ‘eat out to help out’ scheme gave a much-needed boost to destinations, albeit largely after 6pm.
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NewsProperty sector calls for £1.75bn ‘bounceback’ grant to stave off closures
Five industry trade bodies have called on the government to cover 50% of unpaid rents across the retail, hospitality and leisure sectors in a bid to stave off further closures and job losses.
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AnalysisFour ways retail landlords are ditching the rents status quo
Like so much else in the retail sector, the pandemic has accelerated existing trends in the retail property market. Retail Week looks at the actions taken by landlords Hammerson and the Crown Estate, and what they mean for the future of the industry