Superdry and Dixons Carphone shares slump amid store closures
Shares in retailers Superdry and Dixons Carphone have fallen by 30% and 14% respectively this morning after both reported huge year-on-year falls in their half year reports.
Buyer revealed for £48m Clapham Junction Debenhams
Developer W Real Estate has been unmasked as the buyer of BL’s Grade II-listed, Debenhams-let ‘Arding and Hobbs’ building in Clapham Junction.
Motion to wind up Local Shopping REIT blocked by activist investor
The Local Shopping REIT has confirmed it will not currently proceed with plans to wind up the company after a shareholder motion was blocked by an activist investor.
Nine brands let 29,500 sq ft more space at Bluewater
Nine brands have let 29,500 sq ft of new space at Landsec’s Bluewater scheme in the form of openings and upsizes. Six brands, including Levi, Happy Socks and Penhaligon’s have opened new units while JD Sports, Beaverbrooks and Chisholm Hunter have increased their floor space.
Designer Exchange secures luxury flagship on King's Road
Sloane Stanley has secured luxury retailer Designer Exchange for a 1,352 sq ft flagship store on the King’s Road in west London.
Carpetright continues store closures as losses deepen
Struggling retailer Carpetright has reported a loss before tax of £11.7m for the first half of the year as it continues its ongoing store closure programme.
Retail capital values fall by 5.3% this year
Retail sector capital value fell 1.9% in November, taking the sector’s overall decline so far this year to 5.3%, according to CBRE.
EfTen shops in Lithuania with €47m RYO deal
Baltic fund manager EfTen has announced the acquisition of the Ryo shopping centre in Panevežys, Lithuania, from the Finnish family-owned company Pontos.
Activist investor moves to block Local Shopping REIT proposal
An activist investor has voted against Local Shopping REIT’s proposal to wind up the company.
M&S secures first ever Spanish high street store
High street chain Marks & Spencer has agreed a deal to open its first-ever high street store in Spain with a 4,300 sq ft letting in Malaga.
