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In a move to reverse the long-term banking strategy set about by some supermarkets, many have begun to sell off these sites back to land developers. The scaling back of property portfolios can also be helpful due to the acute need for housing meaning more of these sites can be...

Gillian Kent has been appointed as a new non-exec director of Mothercare and will serve on the Audit and Risk and Nomination Committees. Ms Kent was chief executive of real estate portal Propertyfinder until its acquisition by Zoopla, and has also spent 15 years with Microsoft including three years as managing...

Gap has opened a 10,000 square foot store on Bluewater’s lower Rose Gallery which is situated next to the upcoming Missguided shop, which is set to launch this summer. The new shop is the first of a new breed of UK concept stores for the brand and includes women’s, men’s, kids...

Fashion retailer Guess has posted a 86.3% drop in quarterly net earnings, while net profits for the financial year also plummeted by 72.2%. Net earnings for the fourth quarter stood at $6.6 million (£5.3 million), compared to $47.8 million (£38.6 million) for the fourth quarter in the last financial year. On an...

Supermarket chain Morrisons held their first selection event ahead of a move towards using more British suppliers in the coming months. This after they had released a study showing that within the British food industry, more than £39bn worth of food is imported when compared to only £18bn that is...

As all of Britain’s supermarket chains must deal with the effects of a fall in the value of the pound in the wake of Brexit, Sainsburys chief executive Mike Coupe stated that, “The market remains very competitive and the impact of cost price pressures remains uncertain”. This comes after the...

High street retailer Halfords have unveiled their spring sale, with many items being half-price or more with customers to make savings in the process. Tool sets have been reduced by up to 50%, as have select kid’s toys, as the brand attempts to retain customer spending in the face of...

Supermarket M&S have decided to open mental health cafés in-store, as part of the Frazzled Café project. Fronted by mental health campaigner, Ruby Wax, the fortnightly sessions will be hosted by trained volunteers providing a space “where people can talk openly with others who understand how they are feeling”. The...

Restaurant chain Nando’s have announced plans to expand on their operation in the West Midlands, with a 15-year lease on a £30m retail scheme. The venue will occupy a 2,500 sq ft unit at Bell Court in Stratford-upon-Avon, joining other name-brand retailers in the location. Asset Management Director at Bell...

The number of customers booking personal appointments with Debenhams in-store service has increased by 25%. This has resulted in increased footfall in the store as more customers begin to use the service. Prior to this, the company had expressed concerns that the service was beginning to decline, however the integration...