Thursday, October 29, 2020
John Lewis office flagship

John Lewis to begin converting 45% of London flagship into office space

John Lewis has been given the green light to convert almost half of its London flagship store on Oxford Street into office space, as it scurries to return the business to profitability.
Flannels Frasers Group Michael Murray

Flannels’ new Birmingham store marks start of 17-store expansion

Flannels has opened a new 12,000sq ft store in Birmingham, and has revealed plans for a two new stores this year, adding to its 40-plus-store estate.
Intu Metrocentre Sovereign Centros

Intu Metrocentre taken over by shopping centre operator

Intu Metrocentre has been acquired by London-based real estate developer Sovereign Centros, as the assets of former landlord Intu continue to be offloaded.
Edinburgh Woollen Mill Group Philip Day

Edinburgh Woollen Mill Group begins shuttering several stores

Edinburgh Woollen Mill Group has reportedly set aside several stores in its UK portfolio for permanent closure, after recently being granted a 10-day extension of creditor protection.
Clarks begins talks with landlords ahead of CVA proposal

Clarks begins talks with landlords ahead of CVA proposal

// Clarks kicks of negotiations with landlords to switch to turnover rent model // Clarks is hoping to gain landlords' approval to help push through...
Covid-19 pandemic lockdown

Retailers seek “pandemic clauses” to cut rent payments

Retailers taking new leases are reportedly calling for “pandemic clauses” that means rent payments will be reduced if the store is forced to close due to a local lockdown.
Retailers which have seen their online revenues skyrocket during the pandemic could see their rents shoot up under a progressive new leasing model.

UK retailers’ rents could soon be based on online sales

Retailers which have seen their online revenues skyrocket during the pandemic could see their rents shoot up under a progressive new leasing model.
Gap store closures Mark Breitbard

Gap mulls closure of entire store estate in Europe

Gap is mulling the closure of its entire European store estate next year, placing hundreds of jobs at risk.
Aldi opens 900th UK store in Berkshire

Aldi opens 900th UK store in Berkshire

Aldi opened the doors to its its 900th store in the UK as pushes on with its investment and expansion scheme.
Torque Brands TM Lewin Jaeger

TM Lewin owner mulls Jaeger takeover

TM Lewin parent company Torque Brands is reportedly among the bidders for Philip Day's Jaeger fashion brand.

Feature Resource

Get Ready for the Seasonal Surge

How Smartphone Scanning can help Deal with Seasonal Surges in Demand Whether it’s Black Friday, Cyber Monday or the Holiday Season, Covid-19 restrictions are set...