Westfield
This coverage examines Westfield’s role in the UK retail landscape, with reporting on shopping centre operations, tenant strategies, leasing activity, marketing initiatives, and consumer engagement. Insight focuses on how Westfield’s developments influence footfall, brand presence, and retail performance — serving the needs of executives, managers, and professionals overseeing operations and partnerships within major retail destinations.
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Jan- 2021 -26 JanuaryCoronavirus
Westfield turns vacant unit into vaccination hub
A vacant retail outlet in Westfield shopping centre Stratford has been turned into Covid-19 vaccination centre. The vaccination centre will be run by East London NHS Trust Foundation and will see health care workers administering the Oxford Astra Zeneca vaccine – and is one of hundreds of nationwide centres set…
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11 JanuaryShopping Centres
URW announces board expansion and COO appointment
Unibail-Rodamco-Westfield (URW) has announced the extension of its management board, which is effective from 8 January. In its latest management shake-up, the shopping centre owner appointed Olivier Bossard, the group’s chief investment officer and Astrid Panosyan, URW’s chief resources officer, to the management board. URW states the extended board will…
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Nov- 2020 -19 NovemberNews
Westfield appoints new CEO
Westfield has announced the appointment of Jean-Marie Tritant as CEO, succeeding Christophe Cuvillier in the role. Trident will assume the position on 1 January 2021. Tritant will hold the position of chief operating officer during a transition period that begins today (19 November). Cuvillier said: “During this transition phase, I…
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3 NovemberClothing & Shoes
Laura Ashley returns to high street with Next partnership
Laura Ashley is set to return to the UK high street next year with a new partnership with Next, which will sell its homeware products and will launch a series of new stores. According to The Guardian, the clothing and home furnishing retailer said it will reintroduce its homeware via…
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Sep- 2020 -18 SeptemberShopping Centres
Westfield owner announces £8.1bn ‘reset’ plan
Westfield owner Unibail-Rodamco Westfield (URW) has announced an €9bn (£8.1bn) ‘reset’ plan which will see it attempt to raise £3.2bn in capital and make a number of European disposals. Along with capital raising URW said it will be limiting cash dividends through scrip and/or a lower payout ratio, resulting in…
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Jul- 2020 -30 JulyShopping Centres
Westfield rental income slumps in H1 results
Westfield owner, Unibail-Rodamco-Westfield (URW), has reported a 14.2% slump in net rental income to €1bn (£904m) in its half-year trading update. In the UK, net rental income value was down 34.1% to €50m (£45.2m). URW’s overall proportionate portfolio valuation also declined by 5.1% during the period. The group said the…
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Jun- 2020 -26 JuneTips
The New Normal in Retail: The State of Shopping After Lockdown
The retail sector in the country gears up for reopening as COVID-19 lockdown restrictions are starting to get lifted. However, although many stores and shopping centres are preparing to reopen to the public, they are required to ensure a healthy and safe shopping environment and provide their customers with a…
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May- 2020 -15 MayCoronavirus
Poundland to reopen 36 stores across the UK
Discount chain Poundland has revealed it is set to open 36 stores across the UK next week as it begins to reopen its store estate. While most of Poundlands stores have remained open for “essential” shopping, In March, the retailer closed around 100 stores that were located close to another…
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7 MayDepartment Stores
Debenhams cuts over 1,000 jobs as five stores shutter permanently
Embattled department store chain Debenhams has revealed that five of its stores housed in Intu shopping centres will not reopen post-lockdown, effectively slashing over 1,000 jobs. A Debenhams spokesperson said the retailer will continue to engage in “constructive talks” with its landlords and has agreed terms on the vast majority…
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Apr- 2020 -23 AprilCoronavirus Featured Content
The role of the physical store post-lockdown
The role of the physical store post-lockdown Retailers have been hit by an escalating “perfect storm” of issues recently – digital disruption, business rates increases, a weak Christmas peak, and now the Covid-19 virus. Businesses with greater debts, low cash reserves, and reduced margins were sadly always going to struggle,…
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