All Property and Planning articles – Page 11
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NewsAldi and Lidl store openings show fierce inter-discounter rivalry
The two German discounters have been going toe-to-toe when it comes to UK store expansion
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NewsDiscounters to be hit with higher business rates after review, while supermarkets save a fortune
Convenience store rates will also pay more tax in the government’s revaluation
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Comment & OpinionWhy is Wilko struggling? Look no further than B&M’s success
In a crowded and fiercely competitive variety discounter market, more shoppers are favouring B&M. Here’s why
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NewsSuperstores to benefit from £687m cut in business rates over three years
The tax cut, which derives from a government revaluation of properties for business rates purposes, will predominantly benefit the traditional big four supermarkets and Waitrose, according to real estate advisers Altus Group
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NewsWelsh businesses to get £460m in rates support from government
The Welsh government is also providing over £140m of rates relief for retail, leisure and hospitality businesses
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NewsNearly 40 proposed Aldi stores being held up by planning objections from rival supermarkets
As Aldi and Lidl continue to take customers from rivals in droves, both are facing planning complaints
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NewsPoundland to open eight new stores in ‘super Saturday’ expansion push
The variety discounter is set to add 100,000 sq ft to its estate in time for Christmas, creating 160 new jobs
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NewsBusiness rates hike could mean financial collapse for many, warehousing sector warns
The logistics sector is hardest hit – dubbed the “losers” of the change by Colliers – because of the point in time property values have been taken: April 2021
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NewsBusiness rates revaluation: retailers ‘the biggest winners’
In some areas, including Oxford Street in London, shops’ rateable values have fallen by as much as 30%, said Colliers head of business rates John Webber
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NewsLidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season
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NewsWilko sells distribution centre to DHL for £48m
The business refinancing will let the homes and garden retailer improve its proposition and customer experience across its 402 stores and online, according to Wilko
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NewsM&S ‘vows to leave’ Marble Arch site if planning application fails at Westminster
M&S – which has filed plans to demolish and rebuild the nearly century-old store – said that refurbishing its existing store would be “unsustainable” and “undeliverable”
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NewsM&S accelerates turnaround plan and brings forward food store opening target
In recent years, M&S has focused on opening larger-format stores in areas such as retail parks to attract more families and achieve bigger basket spending
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Comment & OpinionAldi’s new ‘eco concept store’ is about much more than saving energy
The discounter is closing legacy sites – some of which are 30 years old – and opening bigger ones nearby
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NewsLandlord software business MRI acquires footfall data firm Springboard
UK-based Springboard provides footfall counting and artificial intelligence-powered analytics using existing camera networks at retail destinations
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NewsLidl and Aldi’s store opening programmes facing barrage of rival planning objections
With shoppers switching to the discounters in their droves due to the cost of living crisis, the objections are thwarting their ability to serve yet more
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NewsSainsbury’s £500m sale and leaseback store deal scrapped
A £500m sale and leaseback transaction for 18 Sainsbury’s stores announced last week has colllapsed
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NewsAldi boss admits store opening programme more challenging than expected, as it misses target
The discounter was aiming to have 1,000 UK stores by 2022 but currently has only 970, with another 16 to be opened this year
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NewsMini budget slammed as missed chance to fix business rates
BRC CEO Helen Dickinson said retailers would have to pass the rising bill on to shoppers
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.