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Articles about Retail Property

Burberry posts 14% profit hike Tuesday, 21st May 2013

Burberry posts 14% profit hike

Burberry today reported a full-year pre-tax profit rise of 14 per cent and strong growth in Asian markets.

Posted by Kirsty Simmonds

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Dolce & Gabbana announce London store opening Friday, 17th May 2013

Dolce & Gabbana announce London store opening
Photo credit: Dolce & Gabbana

Dolce & Gabbana are set to open its fourth London store on June 15th, coinciding with an event they are joint hosting with GQ magazine. The store, located at 53-55 New Bond Street, will be part of the inaugural London Collections Men’s calendar, in which its Summer 2014 Tailoring Collection for men is expected to be showcased.

Posted by Joe Stearn

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Calypso St. Barth set to complete California expansion Thursday, 16th May 2013

Calypso St. Barth set to complete California expansion
Photo credit: Calypso St. Barth

The American women’s clothing and apparel brand, Calypso St. Barth, are due to open three stores in Southern California this summer, in a plan to expand its bricks and mortar outlets from 39 to 45 by the end of the year. The stores due to open are located at Westfield Century City in Los Angeles in July, with two more stores due to open later in the summer in Malibu and Montecito.

Posted by Joe Stearn

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DDR Corp set to acquire raft of shopping centres in $1.46bn deal Thursday, 16th May 2013

DDR Corp set to acquire raft of shopping centres in $1.46bn deal
Photo credit: DDR Corp. DDR Corp. is reportedly planning to acquire a portfolio of shopping centres from its joint venture with Blackstone Group, in a deal said to be worth USD 1.46 billion. The deal, which is expected to close by the fourth quarter, with see DDR acquire 95 per cent of Blackstone’s equity ownership stake in 30 of 44 shopping centres owned under the joint venture.

Posted by Ava Szajna

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Plans for Westfield Milan launch underway for 2016 Wednesday, 15th May 2013

Plans for Westfield Milan launch underway for 2016
Photo credit: My Retail Media

Already considered one of the most prestigious fashion capitals in the world, Milan is set to get a taste for the mega outlet shopping mall as plans involving Westfield and Arcus Real Estate get underway. Westfield Milan is expected to cover 230,000 square metres of GLA, with 170,000 square metre GLA to be released in the first phase, estimated for early 2016.

Posted by Ava Szajna

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Acne to open its largest store at LA Tuesday, 14th May 2013

Acne to open its largest store at LA

Acne is set to open its largest store yet this autumn in downtown Los Angeles It will be California's first store of the Swedish brand.

Posted by Ushma Patel

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British Land announces plans to exit mainland Europe Tuesday, 14th May 2013

British Land announces plans to exit mainland Europe
Photo credit: British Land

Puerto Venecia centre, Zaragoza. Property giant British Land on Tuesday revealed it intends to exit mainland Europe after its retail properties in the region lost almost a fifth of their value last year. British Land said its mainland European properties fell 17 per cent in value in the year to the end of March, as Spain and Italy continued to battle the effects of an economic crisis.

Posted by Ava Szajna

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New lingerie floor opens at Galeries Lafayette Monday, 13th May 2013

New lingerie floor opens at Galeries Lafayette
Photo credit: Galeries Lafayette

The luxury French department store, Galeries Lafayette, has revamped its lingerie department in its quest to reorganise its flagship. The new 37,675-square-foot lingerie section features 50 brands, 10 of which are new to the store, including exclusive French company, Maidenform, Esprit and Agent Provocateur.

Posted by Joe Stearn

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Trinity Leeds exceeds footfall expectations as 2 million make beeline for new centre Monday, 13th May 2013

Trinity Leeds exceeds footfall expectations as 2 million make beeline for new centre
Photo credit: Trinity Leeds

Trinity Leeds owners Land Securities report footfall came in ahead of expectations in the centre’s debut month, as more than 2 million shoppers visited the city’s brand new complex. The new, 93,000 square metre centre recorded opening day footfall of 132,000 visitors, with 1 million in the first 10 days and 2.7 million in the first month.

Posted by Ava Szajna

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Mike Ashley pushes for Republic rent reduction Monday, 13th May 2013

Mike Ashley pushes for Republic rent reduction

Mike Ashley is reportedly on the brink of closing Republic stores if landlords continue to charge high rents.

Posted by Kirsty Simmonds

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