The Government has launched an £8m challenge to help it find hi-tech answers to Britain’s ailing high streets. The initiative — unveiled by Science and Universities Minister David Willetts — will award funds to businesses trialling innovative... Read More
Sainsbury’s now owns and operates more Local convenience stores than traditional supermarkets for the first time in its history. The brand this week opened its 594th convenience store in Balsall Common, Coventry, and is continuing to set a rapid pace... Read More
GVA — the UK’s largest independent commercial property consultancy — has sold one of B&Q’s biggest outlets to an overseas investor for £20m. The agent was appointed to market the home improvement site at White Rose Way last September and... Read More
After years of funding delays Newcastle’s £200m Stephenson Quarter development now looks set to welcome its first tenants by the summer of 2015. The 10-acre site behind Newcastle Central Station — named after the Robert Stephenson train making... Read More
The UK commercial property market has finally turned the corner following six years in the doldrums. However, until recently, the vast majority of activity has been focussed on London and other major business centres such as Manchester and Birmingham, with... Read More
High street vacancy rates fell to their lowest level in three and a half years during December according to a survey conducted by the Local Data Company. Last month 13.9 per cent of high street shops stood empty compared with 14.1 per cent in... Read More
This time five years ago, the retail industry in the UK was shaken by the onslaught of Britain’s longest ever recession. One of the earliest casualties, still regarded as one of the most shocking administrations of recent years, was Woolworths, with the... Read More
Christmas tends to be a hugely successful time of year for both food and non-food retailers, with families preparing for the big day stocking up on gifts, food and drinks in order to make the most of the festive season. However, the news from some of the... Read More
The news from the high street over the past few months has been mixed, with some reports pointing towards an improvement in trading and others suggesting that difficulties still remain. The fact is that the picture is mixed. While some locations have... Read More
London Underground is speaking to three leading retail chains over plans to convert more than 200 of its redundant ticket offices into supermarkets. Marks & Spencer, Waitrose and Asda are all said to be actively considering opening chains of... Read More
