Coventry
This coverage explores retail developments and commercial activity in Coventry, with reporting on store openings and closures, investment in retail property, local economic factors, and regeneration projects shaping the city’s retail sector. Designed for professionals managing retail operations, property strategy, and business planning within the region.
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Feb- 2021 -15 FebruaryShopping Centres
Coventry Ikea to become national cultural centre
Coventry City Council has announced it is purchasing a former five-storey Ikea story in the centre, with plans to transform it into a multi-purpose collections and cultural facility. The new National Collections Centre will contribute to the economic and cultural legacy from Coventry’s year as UK City of Culture, which…
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Oct- 2020 -13 OctoberNews
UK Flooring Direct continues ‘rapid’ expansion
UK Flooring Direct has opened a new warehouse and offices following the continued positive performance of the business throughout lockdown. The online flooring retailer announced it has moved to a 54,000 sq ft unit on Prologis Park in Coventry. The relocation is part of the firm’s plan to see 70…
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Sep- 2020 -21 SeptemberCoronavirus
Government launches £95m recovery fund for high street
A new £95m government-funded scheme will support 68 “historic” high streets in England to recover from “declining footfall” and the impact of the pandemic. The initiative, High Streets Heritage Action Zone (HSHAZ), will work with local authorities to convert disused buildings into new shops, workplaces and community spaces. HSHAZ will…
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Jun- 2020 -22 JuneComment
The perfect storm?
There is something of a ‘perfect storm’ for our town centres… Fewer shops trading than a few months ago, big brands announcing further closures, plans already on the table for repurposing retail space no longer viable, travel restrictions making it harder for people to reach town centres, now fewer people…
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Feb- 2020 -17 FebruaryAnalysis
The evolution of the Ikea experience: What’s next?
With the news last week that Ikea is to shut its first big UK outlet in Coventry, we can take this as a sign that the Swedish furniture retailer – the world’s largest – needs to accelerate the evolution of its customer experience. Arguably, the first of the real experiential…
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4 FebruaryHigh Street
Ikea reveals plans to shutter first UK store, 352 jobs at risk
Ikea UK has announced the proposed closure of its Coventry store in summer 2020, putting 352 jobs at risk. The Coventry store, one of 22 Ikea stores in the UK, was built in 2007 in the city centre one of the earliest examples of the company testing a “new format…
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Aug- 2018 -29 AugustGovernment
Bailiffs visited more than 200 firms daily over unpaid business rates
In the first year after the new business rates revaluation came into effect, councils sent bailiffs to more than 200 commercial properties everyday for unpaid rates. An investigation by real estate advisor Altus Group revealed that during 2017/18, over 81,000 business premises liable for rates were referred to bailiffs to…
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Jul- 2018 -13 JulyHigh Street
Poundworld to shutter a further 80 stores
The administrators of Poundworld, Deloitte, have announced a further 80 store closures, in addition to the closure of 25 stores announced on 10 July 2018. The shuttering of these 80 stores will be phased from Friday 20 July to Sunday 22 July, reducing the number of open stores to 230.…
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Jun- 2018 -25 JuneEconomy
More than 130 jobs cut as Mattressman enters CVA
Mattressman has announced it is to enter a Company Voluntary Agreement (CVA) which will see the closure of 14 of its 25 stores. The store closures will see 136 jobs cut as the bed retailer looks to “downsize” and begin a “restructuring process”. Mattressman looked to be in rude health…
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7 JuneOnline & Digital
Amazon to create 2,500 UK jobs
Online retail giant Amazon has announced that it will create 2,500 permanent jobs in the UK in 2018, taking the total UK workforce to 27,500 by the end of the year. The company has said that there are roles available for people with all levels of experience, education and skills,…
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