Retail news – Page 4
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News
The Body Shop restructuring to bring pain for landlords
Administrators have announced plans to sell off almost half the retailer’s existing UK stores.
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The Body Shop’s current store portfolio mix ‘no longer viable’
Seven stores will close today, with additional closures to follow.
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Scottish commercial real estate investment plummets in 2023
Retail took lion’s share of Scottish investment last year, Colliers reports.
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The Good Economy’s Vivienne King to become independent strategic adviser
In her new role, she will support real estate industry leaders and the organisations they run.
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Bidding war brewing over possible Currys takeover
Elliot Investment Management and JD.com are interested in a takeover.
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Nottingham assets help Acuitus raise £16m at February sale
Nottingham retail lot fetches £2.125m as Acuitus achieves 84% success rate.
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Four major brands to set up shop at Cabot Circus
Stradivarius, Lids, Sunnamusk and German Doner Kebab will join the Hammerson-owned centre in Bristol.
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McLaren to deliver £132m refit of Oxford Street House of Fraser store
Developer Publica Properties Establishment is aiming to restore the art deco landmark built in 1937.
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The Body Shop appoints FRP as administrators for UK business
The joint administrators will now consider all options to find a way forward for the business.
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M&S challenge on Gove’s landmark ruling goes to High Court
The two-day hearing on the retailer’s challenge to the housing secretary’s decision has commenced today.
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The Body Shop set to appoint administrators
It is understood that trading over the Christmas period and January was not as strong as hoped and the business had insufficient working capital.
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EE to open 10 experiential stores in £6m investment programme
The firm unveiled the plan as it opened its Gateshead Experience store at Metrocentre shopping centre.
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Cambridge shopping centre to be transformed into life sciences hub
Developer Pioneer Group will transform a large part of the Grafton Centre.
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Online
Westfield owner reinstates dividend as full-year figures recover from pandemic
Shopping centre giant Unibail-Rodamco-Westfield (URW) has posted rises in rental income, footfall and tenant sales in its annual results.
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Primark to significantly upsize Metrocentre store
The enlarged anchor premises will cover nearly 80,000 sq ft.
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McLaren Living picked as development partner for £250m Reading scheme
McLaren Living will develop 600 new homes on the Minster Quarter Central site.
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Aldi signs 20-year lease at Fulham Broadway Retail Centre
The German supermarket giant has signed for former Wilko store.
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Goold Estates buys Stourport Midcounties Co-operative store
The company has purchased the 29,000 sq ft retail unit with adjoining car park, with the intention to remarket the property as Tannery Retail Park.
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West End businesses welcome review of axed VAT-free shopping for tourists
Chancellor Jeremy Hunt has called for a review of the policy.
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Morrisons sells forecourt business to MFG in £2.5bn deal
The deal will help pay off part of the supermarket chain’s debt pile.