Retail news
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Arcadia to close 10% of stores
- Posted:
- 25 November 2011 10:05
Top Shop and BHS owner Sir Philip Green has warned around 10% of his retail empire faces closure. The owner of Arcadia Group, which has 2,507 stores across its brands, said approximately 250 stores would not have their leases renewed when they expire within the next three years.The warning came ...read more
Retail rents due tomorrow
- Posted:
- 28 September 2011 09:36
Nerves surrounding the UK retail sector will intensify this week as firms prepare to meet "quarter day" rental payments.Tomorrow will see many retailers pay three months rent in advance to landlords, heaping further pressure on businesses already under the cosh as they put on special offers to attract economising shoppers.The ...read more
Sir Philip advises Government to centralise spending
- Posted:
- 03 June 2011 10:26
The Government is to centralise the way it buys common goods and services across different departments in a bid to cut costs, it was announced today.It follows an efficiency review carried out last October by retail tycoon Sir Philip Green which concluded that the Government was not making the most ...read more
New stores boost Primark
- Posted:
- 20 January 2011 10:00
Associated British Foods today reported double-digit sales growth at Primark over the key Christmas trading period but again warned the retailer's profits would be squeezed by the rise in cotton prices.Sales at the value retailer increased by 13% in the 16 weeks to January 8th, which was in line with ...read more
Arcadia planning to close 300 stores
- Posted:
- 08 November 2010 09:53
Arcadia boss Sir Philip Green is considering closing around 300 smaller shops with the Arcadia empire within three years, according to a report today. Sir Philip is aiming to trim Arcadia's portfolio of 2,400 stores, which includes the Topshop brand, when leases on smaller shops come up for renewal over ...read more
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