A tiny Hong Kong shop has become one of the most expensive commercial properties in the world after changing hands for almost £14m — around £106,000 per square foot. The 130sq ft store on Matheson Street, which sells audio and visual equipment,... Read More
UK fashion retailers are enjoying a stronger sales period of late, with the wet weather and chilly temperatures encouraging consumers to spend on winter clothing still found on the sales rails of many stores. Combined with the increase in sales over the past... Read More
High Street footfall has long been one of the most accurate measurements of consumer confidence, but with the advent of online retailing this changed dramatically. Now, it is seen more as a means of determining how well attempts to rejuvenate high street... Read More
Tenants in Piccadilly’s historic Burlington Arcade fear they may be forced out by massive rent rises. The concerns emerged after the owner revealed that an un-named perfume retailer is close to signing a lease agreement at six times the current... Read More
The developers behind the new Victoria Gate shopping centre in Leeds, formerly known as the Eastgate Quarters, have confirmed that work on the project will finally begin next month after planning consent was granted last September. The new shopping centre... Read More
Small businesses in Bolton — including shops, restaurants and public houses — are to have their business rates cut by £1,000 as part of a council bid to boost the town’s economy. The Government-backed initiative will apply to all premises with a... Read More
John Lewis is opening its first airport store as part of a “Best of British” plan for the new Terminal 2 at London’s Heathrow Airport. The new £2.5bn terminal will have 69 retail and catering units when it opens this June. The majority confirmed John... Read More
After experimenting by selling direct to the public from kiosks at five major US airports, Google is reportedly about to open its first flagship store in Manhattan — just yards from its arch rival Apple. It’s claimed the tech giant is about to sign... Read More
Commercial property investment in Poland has reached a seven-year high, according to new survey. Last year €3.12bn was ploughed into the country’s real estate market — much of it from Germany. Of the 2013 investments — which increased steadily... Read More
The high street has been at the epicentre of the retail industry’s focus for some time now, with several industry figures presenting reports to the government outlining potential “rescue” plans which would see consumers return to town centres rather... Read More
