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Edinburgh Woollen Mill to open new department store in Wales

Wednesday 22 February 2017 - Posted by Elias Jahshan

Reports have emerged that the parent company of Edinburgh Woollen Mill is poised to launch a new department store concept in as former BHS store in Carmarthen, South Wales. According to the reports in Retail Week and Drapers, the concept is slated to open in April after a plan...

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Festival Place welcomes Skechers & bigger Next as part of refurb programme

Wednesday 22 February 2017 - Posted by Elias Jahshan

Basingstoke’s Festival Place shopping centre has welcomed the opening of a new Next anchor store and the signing of footwear brand Skechers. The stores are part of the ongoing refurbishment programme for the North Hampshire shopping centre, which is operated by real estate fir...

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Frenchgate shopping centre to welcome New Look's 21st menswear store

Tuesday 21 February 2017 - Posted by Elias Jahshan

New Look has announced plans to open its 21st standalone menswear store at Doncaster’s Frenchgate Shopping Centre next month. Taking a 3500sq ft space, the new store will complement the separate 16,000sq ft New Look womenswear store that already exists in the shopping centre. ...

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Hugo Boss signing the latest in Intu Metrocentre's upgrades

Tuesday 21 February 2017 - Posted by Elias Jahshan

Shopping centre operator Intu has agreed terms with global fashion brand Hugo Boss to open a new Boss store at Metrocentre in Gateshead. The 4047sq ft store will offer the full range menswear and womenswear collections under the Boss label, including ready-to-wear, shoes and a...

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Hammerson to offload £400m in assets to focus on new shopping centre projects

Tuesday 21 February 2017 - Posted by Elias Jahshan

Shopping centre developers Hammerson is planning to offload £400 million worth of property this year in order to focus on new projects. The new developments include starting work on a new shopping centre in Croydon and a £1.4 billion renovation of its north London’s Brent Cros...

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Clarks to undergo property review & modernisation

Tuesday 21 February 2017 - Posted by Elias Jahshan

Clarks is set to review its property portfolio as part of plans by chief executive Mike Shearwood to modernise its shops. The shoe retailer has appointed agents at Harper Dennis Hobbs to conduct the review, and their task is to ensure all stores are the right size and in the r...

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The Lexicon Bracknell rakes in the retailers

Monday 20 February 2017 - Posted by Ben Stevens

The new 580,000sq ft retail development named The Lexicon Bracknell has secured further big name retailers for its property, bringing the pre-let space to 70 per cent. Jewellery retailer Pandora is the latest to secure a spot on The Avenue, the premium shopping street in the d...

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Hammerson sees 56% drop in profits

Monday 20 February 2017 - Posted by Ben Stevens

Shopping centre group Hammerson has reported a steep drop in profits as the value of its property portfolio divebombs. It attributed “lower revaluation gains on the group’s shopping centres and retail parks” to a 56 per cent drop in pre-tax profit for the year to £322.8 millio...

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Business rates battle continues as appeals likely to take years to resolve

Friday 17 February 2017 - Posted by Ben Stevens

The controversy over the new business rates has been further intensified this morning as it was revealed that revaluation complaints could take years to resolve. Last year the Valuation Office Agency (VOA), tasked with handling appeals, dealt with just 64,000. The backlog now ...

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Brilliant Inc relocates and upgrades London flagship

Thursday 16 February 2017 - Posted by Elias Jahshan

British jewellery retailer Brilliant Inc has relocated its London flagship store to a bigger location in Chelsea to meet increasing demand. Officially launched on February 10, the new store is located on 320 King’s Road, Chelsea and has a space of 953sq ft. Founded in 2005 by ...