Issue 2019 July 23rd

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    UK DIY retailer buys bathroom specialist from administrator

    UK DIY retailer Homebase has bought bathroom specialist Bathstore out of administration. However, hundreds of jobs remain at risk as 124 stores are facing the prospect of closure. The company will take over 44 branches and the Bathstore website, with plans to open a “significant” number of concessions within its own stores over the next [...]
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    Surge in Middle Eastern shoppers visiting the UK over the summer months

    Tax free shopping expert Global Blue forecasts that there will be a surge in Middle Eastern shoppers visiting the UK over the summer months, with an expected rise of 16% from July to September, continuing the strong trend. With approximately 37.8 million visitors throughout 2018, Global Blue’s forecast comes as the GCC markets look to [...]
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    UK becomes favourite for overseas spending this summer

    International shoppers are choosing to spend money with British retailers over European neighbours this summer, according to Planet. Tax free sales to international shoppers increased by 13% in June making the UK Europe’s best performing shopping destination for tourists with, Italy falling at a distant second place with only a 6% sales growth rate. Other [...]
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    Development and new retailers continue to bolster Polish retail market

    In the first half of the year, developers delivered 215,000 sq m of new retail space, with six international brands making their debuts in Poland. The first half of the year saw the market grow by 215,000 sq m of modern retail space, according to JLL’s latest report on conditions on Poland’s retail market at [...]
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    Financing confirmed for Romanian scheme as UK investor plans Croatian expansion

    Colosseum Centre has secured €23m financing from Credit Europe Bank for the further expansion of its retail destination located in North-West Bucharest, Romania. As a result of the current expansion, Colosseum centre will have in total 54,500 sq m GLA of retail space, becoming the second largest retail scheme in the area. The leasing progress is well [...]