Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Mixed bag for BRC results as both footfall and shop vacancy rates rise Monday, 20th May 2013
The latest results from the British Retail Consortium revealed footfall on the high street rose 3.4 per cent year-on-year in April, the biggest increase since the run up to Christmas 2011. According to the results, which were compiled by the BRC and Springboard, the high street saw significantly more visitors in the month, compared with a 0.3 per cent rise in footfall for out-of-town centres, and a 3 per cent drop in shopping centres.
DDR Corp set to acquire raft of shopping centres in $1.46bn deal Thursday, 16th May 2013
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.
Plans for Westfield Milan launch underway for 2016 Wednesday, 15th May 2013
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.
Mr Pretzels unveils new look for UK stores Tuesday, 14th May 2013
Mr Pretzels unveils a new look at its stores after working with rpa:group to refresh the snack food brand’s UK portfolio. Having created a new look for Mr Pretzels in November 2012, rpa:group’s design division has been busy working on revamping store interiors in London, Leeds' Trinity Shopping Centre and kiosks in Bluewater and across the UK, adding a dash of retail theatre to the snack brand’s in-store experience.
Rise in footfall by 19.2% during the warmest weekend of the year Thursday, 9th May 2013
Over the Bank Holiday weekend the rise in footfall ran a spend of over £220m, according to New West End Company and Heart of London Business Alliance that represent over 1,000 businesses in London's retail heartland.
Investors still have soft spot for London Wednesday, 1st May 2013
London remained a favourite with investors in 2012 with more money channeled into shops and offices in the capital than the rest of Britain combined last year. A report by property consultancy DTZ on Wednesday reported some £16.1 billion was invested in central London in 2012 versus £10.9 billion a year before and total of £32 billion for the country as a whole.
Wealth funds poised to snap up £500m Bluewater stake Monday, 29th April 2013
A number of sovereign wealth funds are said to be interested in purchasing Lend Lease’s stake in the Bluewater shopping centre in Kent. Based in Australia, infrastructure firm Lend Lease is thought to be considering the sale of its 30 per cent stake in a deal that could be worth £500 million.
Freezing weather causes footfall in Scotland to decrease 3.8% during March Monday, 15th April 2013
Statistics from the British Retail Consortium have shown that footfall in Scottish shops decreased by 3.8 per cent in March. The high street was the area most impacted by the cold temperatures, with a drop in sales of 7 per cent compared to a 2.4 per cent decrease in Scottish shopping centres. Helen Dickinson, the director general of the BRC, stated on the company’s website that “The prolonged cold was the main culprit for deterring shoppers, especially compared against the far milder March of 2012.
Glasgow’s St Enoch centre put up for sale Friday, 12th April 2013
Owners Ivanhoe Cambridge are reportedly looking to secure a sale of around £180 million for the Glaswegian shopping centre. According to a report by the BBC, Ivanhoe is looking to sell the St Enoch centre after purchasing the development eight years ago for £350 million under a joint venture with US firm Mills Corporation.
Interserve to build new shopping centre in Edinburgh Wednesday, 3rd April 2013
Interserve is to construct a new shopping centre in Edinburgh, next to Haymarket train station. The planned development is the result of British construction company Interserve signing a deal with Scottish landowner Tiger Developments. The project is predicted to cost approximately £160.5 million and could result in 3,500 new jobs being created.