News | Retail

August 27, 2025 | 1:27 P.M.
Masters of their destinies: Luxury retailers are buying up their own stores in London and Paris
While millions of pounds and euros ring through the tills of the high-end boutiques of Bond Street and the Champs-Élysées each day, billions are being spent on the shops themselves, as luxury retailers seek to cement their strategic positions on two of the world’s most glamorous shopping streets for the long term.
August 26, 2025 | 10:56 P.M.
Claire’s trims planned store closings to less than 300
Tween retailer Claire’s reduced an initial store closing estimate by identifying roughly 300 locations to shutter, a move it said could leave about 800 in operation under the chain's new ownership.
August 26, 2025 | 4:04 P.M.
Poundland restructuring plan approved at High Court
Poundland's proposed restructuring plan has been approved at the High Court.
August 26, 2025 | 1:54 P.M.
Fashion brand Double TWO leases space at Yorkshire outlets
Yorkshire-based outlet centre Junction 32 has leased space to Wakefield-born heritage brand Double TWO, in a deal that will see the company open its eighth retail location.
August 26, 2025 | 8:57 AM
Redical signs menswear group to Leeds' Victoria Quarter
Redical has signed Belstaff, the British menswear brand, for its city debut in Leeds at the Victoria Leeds shopping centre.
August 26, 2025 | 7:02 AM
A luxury giant thinks bigger in Paris
LVMH, Richemont, Kering, Hermès, Chanel... For many years, the luxury giants have been making record acquisitions on Paris's most prestigious avenues. Hermès, for example, paid around €300 million for 17 rue de Sèvres in 2024. In the same year, Chanel signed for 42 avenue Montaigne for over €250 million.
August 22, 2025 | 1:43 P.M.
How IKEA’s small format stores are testament to the power of retail parks
There are few retailers that are associated to the size of their stores as IKEA, which has built its brand on sprawling warehouse-style spaces. But a quiet revolution is underway with the Swedish brand pivoting to smaller format stores in the UK, with new openings in Harlow, Chester and Norwich.
August 22, 2025 | 10:05 AM
Planning Inspector throws out £158 million Newbury mall makeover plans
The government planning inspector has thrown out Lochailort's controversial plans for an £158 million redevelopment of the Kennet Centre mall in Newbury in Berkshire.
August 21, 2025 | 4:17 P.M.
Unibail-Rodamco-Westfield sells its German property management business
Unibail-Rodamco-Westfield continues to sell off its assets. After announcing at other major deals at the end of July – the sale of the Pullman Paris Montparnasse hotel for over €300 million and the sale of its US airport activities for €295 million – the listed property company has this time signed an agreement with Portuguese group Sonae Sierra for the sale of its German property management business, URW REM.
August 21, 2025 | 10:52 AM
A first for the retail sector – the River Island restructuring plan
Following a clear precedent set in the past few years by High Court decisions involving big names in the leisure sector (Virgin Active, Fitness First and Cineworld), the High Court sanctioned River Island’s restructuring plan on 8 August 2025.
August 21, 2025 | 8:29 AM
Romulus serves up UK's first private hospital in a mall in former Debenhams
Romulus has signed European healthcare provider Affidea for a 30,000-square-foot medical facility on the second floor of Wimbledon Quarter, its London retail complex, in part of the space formerly occupied by Debenhams.
August 21, 2025 | 6:00 AM
Mango signs for Festival Place Basingstoke store
Mango, the Spanish fashion retailer, has signed for a 7,104-square-foot store at Festival Place Basingstoke, the major UK shopping centre that was recently sold to MDSR.
August 21, 2025 | 6:00 AM
Superdrug expands Oxford presence
Superdrug has expanded its presence in Oxford, as part of its strategy to increase its space in key shopping centres, expand its retail park portfolio and open 25 new stores this year.
August 20, 2025 | 7:34 P.M.
CoStar World News for Aug. 21
August 20, 2025 | 5:54 P.M.
Claire’s finds buyer for almost 1,000 stores, avoids liquidation
Tween retailer Claire’s has lined up a buyer for up to nearly 1,000 of its stores, keeping the mall staple alive under the new ownership and avoiding liquidation of the chain.
August 20, 2025 | 1:52 P.M.
Søstrene Grene lets space at Hammerson’s Grand Central
Søstrene Grene has let 3,500 square feet at Bullring and Grand Central, in the first letting since Hammerson bought out its joint venture ownership partner at the shopping centres.
August 19, 2025 | 1:54 P.M.
St Albans mall set to change hands after strong bidding
Federated Hermes is set to sell the Christopher's Place retail and leisure estate in St Albans in Hertfordshire for more than the £19.3 million guide price, or a net initial yield of 9%, after strong bidding.
August 19, 2025 | 1:53 P.M.
European investor looks to bag £27 million slice of Sevenoaks town centre
A specialist Europe and UK-focused real estate investor is looking to buy a chunk of Sevenoaks town centre from Aberdeen, CoStar News can reveal.
August 18, 2025 | 4:36 P.M.
Frey acquires three premium outlets in Italy from Blackstone for €410 million
Frey has taken another major step in its European expansion. The group headed by Antoine Frey, which has already made a name for itself this year with the acquisition of Designer Outlet Berlin for €230 million, has acquired three premium outlets in Italy from funds managed by Blackstone, for €410 million.
August 18, 2025 | 1:28 P.M.
Central London retail investment on track to exceed £2 billion
Activity in central London retail investment has hit a high in the first half of 2025, with volumes reaching £1.6 billion, according to research from Savills.

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