• European retail moving at different speeds at start of 2015Tuesday 6th Jan 2015

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    City gets jitters as Sports Direct delays accounts reporting

    UK sports fashion retailer Sports Direct was forced to delay the publication of full-year results yesterday after auditors refused to sign off on the retailer’s latest accounts. The move has widely been seen as dealing a blow to Mike Ashley’s assault on the UK high street, with the Sports Direct boss aggressively targeting struggling retail [...]
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    New gaming experience HYPD Arena to launch at intu Lakeside

    Shopping centre owner intu has partnered with events company HYPD to launch a new gaming arena at intu Lakeside, on the periphery of London. HYPD, which runs gaming attractions at major UK tourist destinations, has transformed a 900 sq ft store into the immersive experience as part of an exclusive 12-month partnership with intu. HYPD [...]
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    Atrium completes €341 million of transactions in CEE

    Further to its announcement of 13 May 2019, Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, has completed €341 million of transactions in Poland. The deals comprised the disposal of two assets and an acquisition in Poland. Atrium has now completed the [...]
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    Asset manager acquires Italian designer outlet centre

    DWS has acquired Barberino Designer Outlet, the dominant outlet centre in Tuscany, Italy from Nuveen Real Estate. The acquisition has been made on behalf of one of its real estate funds, from the European Outlet Mall Fund, managed by Nuveen Real Estate. Characterised by high quality architecture inspired by the local region, Barberino Designer Outlet [...]
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    Summer slump for retail footfall across the UK

    Footfall declined by 2.9% in June in the UK, compared to the same point last year when it declined by 0.9% according to the latest figures from Springboard. On a three-month basis, footfall decreased by 2.4%. The six and twelve–month averages are at -1.3% and -1.7% respectively. High street footfall declined by 4.5%. Following from [...]
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    Barneys latest to be hit by New York rent hikes as retailers exit

    Luxury US retailer Barneys New York is making preparations for a bankruptcy filing that could come as soon as this month, according to reports from CNBC. Barneys, which is facing a liquidity crunch spurred by a rent hike at its Manhattan flagship, has engaged law firm Kirkland & Ellis and financial adviser M-III Partners to [...]

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