M&S is planning to cut thousands of jobs as a result of the coronavirus pandemic Tolga AKMEN,AFP•August 18, 2020 Marks and Spencer, the British retail chain selling clothes and food, is to cut around 7,000 jobs as the coronavirus pandemic increasingly pushes customers to shop online, it said Tuesday. The job cuts, to be carried... Continue Reading →

The department store chain said the affected branches were "already financially challenged prior to the pandemic", as it confirmed all of them will will remain closed for good John Lewis has confirmed plans to axe eight stores, including its flagship Birmingham and Watford branches, after announcing they were at risk last month. The retailer said... Continue Reading →

By Sahar Nazir -August 12, 2020 Trafford Centre, which is located in Manchester, draws 30 million visitors every year Intu’s Trafford Centre is reportedly seeking a buyer less than two months after the shopping centre owner filed for administration. The UK’s fourth-biggest shopping centre has drafted in PJT Partners and CBRE to oversee the sales process, Sky News reported.... Continue Reading →

Simon malls have 11 Sears and 63 Penney stores, according to a public filing.PHOTO: MARK BLACK/ZUMA PRESS Hookup between Simon Property Group, Amazon would show how retail and logistics are converging more rapidly By Esther Fung and Sebastian HerreraUpdated Aug. 9, 2020 1:40 pm ET Simon Property Group Inc., the biggest mall owner in the U.S., has been in talks with Amazon.com Inc. to... Continue Reading →

House of Fraser owner Mike Ashley has been linked to a deal to seize as many as 30 stores from rival Debenhams. City sources said the billionaire has discussed the matter with senior staff and could make a public statement to clarify the situation as soon as this week. Ashley is the majority owner and... Continue Reading →

If landlords agree to cut rent by up to 50 percent and offer a "rent-free period" of an undisclosed duration, Apple is supposedly offering a considerable lease extension in return. The proposal is understood to relate to stores with several years left to run on their leases, meaning that landlords are not faced with making... Continue Reading →

Travel company TUI has revealed plans to close 166 stores in the UK and Ireland as coronavirus pandemic sinks travel demand. The store closures are expected to affect 900 staff. Around 630 of the affected workers will be moved to a remote sales and service team, while the remaining 270 roles will be cut by... Continue Reading →