Tag : shopping centres
Easter store closures result in footfall dropSubscription
As stores closed on Easter Sunday, total footfall across the UK was down 5.2% year on year for the week to 27 April.
Bracknell wins £30m retail investment Subscription
Bracknell Forest Council and Bracknell Regeneration Partnership have agreed to invest £30m in the next phase of the Berkshire town’s redevelopment, including new retail units.
Hammerson to slash department store spaceSubscription
Shopping centre owner Hammerson will reduce department store space by 25% as part of its disposal programme to reduce debts by £500m.
Rise in retail vacancy rates Subscription
High streets, shopping centres and retail parks recorded a 0.3% rise in vacancy rates in Britain in the year to 31 December 2018, research from the Local Data Company has shown.
Meadowhall secures new fashion retailers Subscription
Lacoste and menswear brand Skopes have signed leases to open stores at Meadowhall shopping centre in Sheffield in May.
Westfield defies Boxing Day downturnSubscription
Shopping centres Westfield London and Westfield Stratford reported a 9% rise in footfall on Boxing Day.
Storm Deirdre hits early December footfallSubscription
Footfall dipped by 0.1% last week, compared with the same period in 2017, as Storm Deirdre brought heavy rain on Saturday.
Hammerson sells stake in Highcross Subscription
Hammerson has completed the sale of its 50% stake in Highcross shopping centre in Leicester to an Asian investor for £236m.
Intu buyout deal cancelled Subscription
An offer to buy shopping centre owner Intu has been withdrawn after months of negotiations as a result of “uncertainty” in the market.
Shopping centres in crisis over rentsSubscription
Shopping centres, already hit by declining footfall and changing consumer habits, are facing further challenges as “unprecedented deals” are being made on rents.