Store Estate
This coverage examines UK retailers’ store estate strategies, including site selection, portfolio optimisation, leasing decisions, openings, closures, and location analytics. Reporting highlights how businesses shape physical footprints to balance cost efficiency, customer accessibility, and market growth — offering insight for executives, real estate managers, and operations professionals responsible for retail property planning.
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Oct- 2019 -31 OctoberEconomy
Schuh pre-tax profits fall by £7m amid ‘extremely challenging year’
Schuh has reported a £7m fall in pre-tax profits to £6.1m attributed to a second consecutive year of “extremely challenging” conditions for retail, according to accounts filed at Companies House this week. For the year ending January 2019, the footwear retailer reported fall in turnover by over £20m to £288.4m…
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29 OctoberShopping Centres
Sales and footfall up at Westfield’s UK centres
The owner of the Westfield shopping centres, Unibail-Rodamco (URM), has reported a 5.2% increase in tenant sales at its UK centres during Q3, also reporting a spike in footfall. For the three month period ending 30 September 2019, URM reported a 3.9% increase in footfall at its Westfield Stratford and…
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18 OctoberClothing & Shoes
M&S to open 60,000 sq ft store in Nottingham near year
Marks and Spencer will open a new 60,000 sq ft store at British Land’s Giltbrook Retail Park, Nottingham, in the summer of 2020. The announcement comes less than two weeks before M&S opens a major new store in Cornwall – it’s first clothing store opening in the South West for…
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9 OctoberHigh Street
Hays Travel to acquire entire Thomas Cook UK retail estate
Independent travel agent chain Hays Travel is to acquire Thomas Cook’s entire UK retail estate, in a move that could save up to 2,500 jobs. The travel agent will acquire a total of 555 stores around the UK, providing re-employment opportunities for a “significant” number of former employees of Thomas…
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Sep- 2019 -30 SeptemberClothing & Shoes
Forever 21 files for bankruptcy, plans to axe up to 350 stores
US fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection and has announced plans to exit international markets in Asia and Europe. A Chapter 11 bankruptcy, similar to that of a Company Voluntary Agreement (CVA) in the UK, postpones a US company’s obligations to its creditors, giving it…
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25 SeptemberSupermarkets
Sainsbury’s announces store estate overhaul
Sainsbury’s is to undergo a store estate overhaul which will see it close over 100 stores, while also opening and relocating others, as it aims to save £500m over the next five years. The ‘Big Four’ grocer revealed it is set to close 10-15 of its large supermarkets, with the…
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19 SeptemberHigh Street
Next profits boosted by continued online growth in H1
Fashion retailer Next has recorded a 2.7% rise in profits for the 26 weeks to July 2019, aided by a 12.6% increase in online sales. Pre-tax profits for the first half of the year were £319.6m compared with £311.1m for the same period last year. Total brand sales also increased…
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Aug- 2019 -29 AugustHigh Street
M&S at risk of falling out of FTSE 100
Marks and Spencer could fall out of the FTSE 100 unless it is able to increase its share prices by next Wednesday (4 September), according to a report by The Telegraph. It comes after Marks and Spencer reported a fall in both sales and profits in May, with the latter…
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27 AugustHigh Street
Clarks seeking rent reductions of up to 30%
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times. The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told…
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Jul- 2019 -24 JulySupermarkets
M&S announces latest store closure
Marks and Spencer has revealed its latest store set to close under its restructuring plan. As part of its plan to axe 85 full-line stores and 25 of its Simply Food outlets as it targets a return to profitable growth, the food and homeware retailer announced its Dorchester store, located…
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