News

There will be 35 new SPAR outlets opening this year in a bid to gain a profitable share of the market as the Dutch multinational retail conglomerate continues to fend off fierce competition.

Two of America’s largest department store chains, Macy’s and JC Penney, have announced their plans to close stores, which will result in the loss of thousands of jobs.

In a bid to improve the long-term profits of its local operations, Tesco has made the decision to shut down 13 of the stores it holds within Hungary.

The Spanish company, Inditex, has bought a commercial property in SoHo, New York for $280m.

The submission of plans for an extension to The Mall near Bristol has been done.

Retailers in the UK have experienced their worst Christmas since the recession struck, with discounted figures continuing to have an impact.

Westfield World Trade Center has revealed more brands after their first store announcement last month.

The new retail development in Orange County is moving ahead and a few of the anchors have just been announced.

One of the oldest communities in Los Angeles County could be given a boost with Alhambra about to be given a housing and shopping complex costing $130m.

Blackstone Group LP (BX) have agreed to the sale of a majority share in 39 shopping centers in the US to Kimco Realty Corp (KIM).

Halifax Shopping Center is to undergo a $70m redevelopment process.

The specialty North American pet retail group, PetSmart Inc, has agreed to being sold for about $8.7b, including debt.