German-headquartered discount grocer Aldi, the UK’s fifth-largest supermarket, has seen its market share...
Yamanto Central Shopping Centre, Queensland
JMK Retail is developing its regional shopping centre, Yamanto Central, in the western growth corridor of Brisbane, Australia. The shopping centre project is the first stage of the Yamanto Town Centre masterplan development.
Oak Furniture Land’s cash-light position leaves it stumped
Oak Furniture Land was the latest high-profile retailer to fall into pre-pack administration amid the COVID-19 outbreak as its lack of liquidity left it exposed during the lockdown. Now, under new ownership, the furniture retailer’s prospects are positive, but its relatively high price points and narrow uniform aesthetic leave it vulnerable.
Superdry’s turnaround plan threatened as Covid-19 dampens clothing demand
Superdry’s woes were amplified in its final quarter of FY2019/20, with the impact of the COVID-19 pandemic stifling demand for clothing and footwear. While its CEO Julian Dunkerton has had significant plans to revitalise the company, the outbreak has put a major spanner in the works, with revenue declining by 36.9% during Q4 FY2019/20, resulting in sales for the full year falling by £166.2m to £705.5m.
Waitrose expands home delivery fulfilment to cope with Covid-19 demand
Newly appointed John Lewis Partnership Chair Sharon White has truly had a baptism by fire during her first two months in charge, as she attempts to steer the already struggling retailer through the tumultuous waters of Covid-19.
McArthurGlen Designer Outlet West Midlands
European designer outlet developer and owner McArthurGlen is building a new shopping and leisure destination in Cannock, UK, to serve the entire West Midlands region.
US discount retailer Big Lots completes divesting distribution centre
US-based discount retailer Big Lots has completed divesting its distribution centre located in Rancho Cucamonga, California, for a cash consideration of $191m.
Dressbarn begins closing sales at 544 retail stores
Ascena retail group’s women's clothing brand Dressbarn has started its closing sales at 544 retail stores in the US.
Destination Maternity files for Chapter 11 bankruptcy
American maternity apparel and accessories retailer Destination Maternity and some of its subsidiaries has filed for Chapter 11 bankruptcy.