Carpetright has issued its third profits warning in less than six months. Pre-tax profits for the flooring retailer could fall as low as £3.5m — half of what most City analysts had expected. The company is blaming disastrous winter sales figures —... Read More
With retailers now actively seeking expansion due to the improved consumer outlook, shopping centres and high streets around the country are noticing vacancy rates falling at a steady rate. This is positive news after several years of contraction in the... Read More
Although retailers are experiencing better conditions than were seen during the recession, many are still struggling amidst fluctuating levels of consumer confidence and increasing energy bills. The exception to this rule has so far been home ware and... Read More
An iconic 1930s Co-operative department store in the heart of Newcastle is to get a new lease of life after seven years of neglect. A previous plan to turn the Grade II listed building into a hotel collapsed during the recession. In the latest scheme... Read More
Shopping centre developments and re-developments have been fairly prominent of late, with owners of these commercial properties keen to take advantage of the uplift in consumer confidence by increasing their retail and leisure offer. Now, residents of... Read More
As the economy continues to improve, a growing number of high street properties are occupied by hairdressers, nail salons and tanning parlours – demonstrating a renewed willingness on the part of consumers to spend on luxuries and pampering... Read More
Kingfisher, the group which owns B&Q and Screwfix, has posted a set of extremely positive results. According to the group’s annual report, group profits rose by 9.8 per cent to reach £759 million in the 12 months to the end of January, with... Read More
Retail and leisure expansions are particularly popular with UK developers at present, due to the upswing in consumer confidence and the number of retailers and leisure firms looking to expand. The latest to be announced is a multi-million pound project geared... Read More
Southampton has been long known as one of the UK’s most popular destinations for lovers of sailing, but an increased boom in summer tourism has lifted the city’s economy for the past few years. In part, this is due to the proximity of other docks in... Read More
Just five months after Wal-Mart pulled out of India because of “regulatory issues” Tesco has confirmed it intends to open a chain of stores on the sub-continent. The Indian government has already approved the plan. The British company is the first... Read More
