All Property and Planning articles – Page 2
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News
Lidl’s store opening slowdown set ‘to last until 2026’
The slowdown has also extended to recruitment activity
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News
Poundland hits back at East Dulwich ‘reverse gentrification’ claims
Poundland’s planned store in south London’s wealthy East Dulwich prompted some residents to take to online forums and Facebook groups expressing fears it would lower the tone of the area
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News
Investors salivating as ‘distressed’ Morrisons mulls selling off stores
Such a move could be ‘disastrous’ for Morrisons in the long-term thanks to depressed valuations, according to a property source
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News
Aldi ‘stepping up search’ for new store sites as part of £400m push
It is Aldi’s third announcement of expansion ambitions in as many weeks since The Grocer revealed Lidl was dramatically scaling back store openings this year
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News
Lidl ‘conceded battle to be UK’s dominant discounter’, says former boss
Lidl’s slowdown of store openings this year will make it almost for it to catch Aldi, according to Ronny Gottschlich
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News
City snapshot: Supermarket Income REIT sees portfolio valuation drop as interest rates bite
Listed supermarket property investor Supermarket Income REIT saw the valuation of its portfolio drop by double digits amid steeply climbing interest rates and wider economic slowdown
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News
Aldi aiming to ‘almost double’ its London store count
It is a clear signal of intent from Aldi, for the second time in a week, that it will press on with store openings at pace as rival Lidl slows
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News
Aldi creating 6,000 jobs this year as expansion continues
It comes a week after The Grocer revealed Lidl had dramatically scaled back its opening plans for the year ahead
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News
Business rates still ‘broken’ despite savings for retail, says BRC
BRC CEO Helen Dickinson was responding to an announcement from the Treasury this morning that retail’s business rates bill will drop by a fifth from April
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Comment & Opinion
Why would Lidl decide to slow down store openings now?
Lidl may well need to let the warehouse distribution structure catch up this year
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News
Lidl scales back store opening plans
The slowdown comes as the cost of living crisis drives shoppers from traditional supermarkets to the discounters
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News
Poundland plans biggest store opening spree yet
It’s the latest sign of how a recent business rates revaluation is already boosting retailers’ confidence to open more stores, according to property consultancy Colliers
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News
Business rates cuts ‘likely to spur on store openings’
The boost to store openings already appears evident, according to John Webber, Colliers head of business rates
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Comment & Opinion
Why M&S’s new stores are working so much better for the retailer
M&S is no longer a ‘variety store’. Getting its SKU count right and leaving town centres is paying off
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News
M&S to open 20 ‘bigger and better’ stores by April 2024
Eight will be full-line stores selling M&S’s complete clothing, home and food ranges
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News
Aldi 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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News
Discounters 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 & Opinion
Why 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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News
Superstores 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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News
Welsh 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