Tag: shops

Supermarkets and London Shops face Business Rates Revaluation Blow

Posted on 5 November, 2014 by Kirsten Kennedy under Business News

The UK’s leading supermarkets, already losing market share to discounters, face another blow due to the delayed business rates revaluation due to take place next year, a rating expert warns. According to analysts, members of the Big Four could face... Read More

UK Retailers express High Hopes for Christmas 2014

Posted on by Kirsten Kennedy under Business News

Last Christmas was something of a disappointment for UK retailers as, although the recession was officially over and disposable income was on the rise, many consumers still felt the need to conserve cash wherever possible. However, following a year in which... Read More

Shop Closures in Scotland slow but overall Climate remains Challenging

Posted on 4 November, 2014 by Kirsten Kennedy under Business News

The Scottish high street was one of the worst-hit victims of the recession, as the lower consumer spending power felt throughout the country was particularly pronounced north of the border. Yet fortunately, like most areas of the UK, Scotland is now beginning... Read More

British Land and Next agree four Separate Deals

Posted on 29 October, 2014 by Kirsten Kennedy under Industry News

Since overtaking key rival Marks & Spencer in terms of both market share and annual sales, high street fashion retailer Next has been keen to continue building momentum in order to remain at the top of the chain. This has seen it engage in a... Read More

Debenhams plans Estate Expansion despite Profit Plunge

Posted on 23 October, 2014 by Kirsten Kennedy under Business News

Debenhams chief executive Michael Sharp remains optimistic despite the retailer’s disappointing annual sales results. In the year to the 30th of August, Britain’s second largest department store recorded a profits plunge of 24.8 per cent, with... Read More

Retail footfall hit by unseasonable September

Posted on 22 October, 2014 by Kirsten Kennedy under Business News, Economy

Unseasonably warm weather has taken its toll on retailers, with the milder than expected temperatures putting something of a dampener on the launch of autumn and winter collections, and adversely affecting footfall levels throughout the... Read More

Huddersfield Shopping Centre expansion plans welcomed by local Business Leaders

Posted on 15 October, 2014 by Kirsten Kennedy under Top Properties

The Kingsgate Centre is currently one of Yorkshire’s most successful retail destinations, with the Huddersfield town centre development attracting consistently strong levels of footfall all year round. However, owner WD Huddersfield Ltd has now... Read More

Sharp fall in Retail Sales blamed on Indian Summer

Posted on by Kirsten Kennedy under Business News, Economy

The beginning of the year saw retail sales pick up strongly following several years of decline. This upturn contributed to increasing demand for retail property in key locations and the first rise in rental values in the sector since the recovery.... Read More

Flexible Leasing Structure gives Designer Outlet Villages the Edge

Posted on 8 October, 2014 by Kirsten Kennedy under Top Properties

One of the key legacies of the recession has been an apparent desire on behalf of consumers to continue to seek bargains wherever possible, whether they are shopping for weekly groceries or high end luxury items. This has seen out of town designer outlets... Read More

Walsall Retail acquisition pushes REI Portfolio beyond £100m mark

Posted on 7 October, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Birmingham based Real Estate Investors (REI) has announced the acquisition of a Walsall retail scheme, pushing the value of its assets beyond the £100 million mark. REI acquired 59/75 Park Street from Scottish Widows for a £7.7 million sum earlier... Read More