Durham City is to open a new development, which will create 1,000 full-time jobs across leisure and hospitality space in the existing Riverside area. With the redevelopment due to start in spring 2017, Milburngate will be a premium, mixed-use site, which will provide the opportunity for approximately £160 million of inward...
Low budget airline Ryanair has announced that it has increased its long-term traffic forecast by 10% as the company believes it can deliver profitable growth across Europe “despite Brexit”, as it envisages carrying over 200 million people a year by March 2024. This report comes as the airline revealed a 7%...
Lambeth Council has given the green light for a 130,000 sq ft retail space to be created underneath Waterloo Station. The £60 million development is part of a wider £800 million revamp ahead of improvements to train routes serving the station. The new complex of shops and restaurants will be situated...
Tesco Bank has stopped its online operations for current account customers after reports that 40,000 accounts were hacked and money withdrawn from approximately 20,000. In a message to customers this morning, chief executive of the bank, Benny Higgins, said: “Tesco Bank can confirm that, over the weekend, some of its customers’...
Supermarket Sainsbury’s has announced that it will be launching contactless payments over its 800-strong convenience store network. It is the last of the ‘big four’ to do so. Although there has been no timeframe set on the roll-out, it is expected to start before the Christmas trading period. “Our customers will find...
Paradise Mall in Nacharam is the 18th location to open for SPAR India, covering 5,400 sq m and has departments such as bakery, delicatessen, food-to-go and fish, as well as non-food products. Before the new store opened, the company did some widespread advertising to spread the word. Figures show that SPAR India...
It has been announced that cosmetics retailer MAC Cosmetics will be opening a new store in Queensgate on North Square, situated near John Lewis. This will be MAC’s second dedicated store in the region and will stock the brands makeup, brush, fragrance and skincare ranges. The announcement comes from the latest like-for-like...
Reporting on its third quarter sales, fashion retailer Next has seen sales decline due to tough comparisons and harsh discounting. Figures show that in the three months to 31st October, retail sales dropped 5.9%, whereas group sales fell 3.5% and sales for the Next Directory online division were flat. Despite this, sales...
It has been reported that fashion retailer Hugo Boss was unsuccessful in halting its declining sales due to a “continuously challenging market environment". Figures show that the retailer’s total revenue fell 3% in its third quarter. However, with currency effects taken into consideration, Hugo Boss’s sales dropped 6% to £635 million. Despite...
Retailers in London’s West End are anticipating a £2.34 billion sales boost over the Christmas period, starting this Sunday when the Christmas lights are switched on. Forecasts by the New West End Company’s annual Christmas tracker report indicate that till receipts will rise 1.6%, with shoppers spending £5.1 million per hour...
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