According to Next, sales have declined due to the warmest September on record in Britain and stated that if the warm weather continues through October, it may have to consider reducing its annual profit guidance.
British Land has announced that an agreement has been signed with Plymouth City Council for the development of Drake Circus Leisure, a 9290m² leisure scheme which is placed next to its 52954m² Drake Circus Shopping Center in the city center region of Plymouth.
A new retail development being constructed in Wuhan, China will house the usual mall tenants, but will have an urban farm atop it, in a bid to become sustainable.
One of the premier omnichannel retailers in the US, Macy’s, has announced that it is due to implement the biggest beacon technology rollout in the retail industry thus far.
The French commercial property investor, developer and operator, Unibail-Rodamco SE, confirmed that it has signed an agreement with Carmila, an affiliate of French grocery retailer Carrefour Group, to sell a six shopping center portfolio worth €931m.