
As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
32 published items with the word (s) or phrase Beales in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
As Debenhams exits the high street, many of its former stores are being converted to non-retail uses. But there appears to be an opportunity opening up for the return of smaller department store operators.
UK action group Twentieth Century Society is out to prevent the demolition or redesign of historic retail properties as town centres respond to the reduction in physical retail during the pandemic.
The retail news may be dominated by department stores closing down completely or at least closing branches, but there may be some hope on the horizon as other companies step in to fill the void.
The grave state of physical retail, and fashion retail in particular, surfaced Wednesday as a report showed over 11,000 UK stores disappeared last year. Darker still, a further 18,000 stores could close this year.
The UK government’s latest decision to postpone its business rates revaluation once more has been criticised by property specialists who have repeated their calls for fundamental reform of the system of property taxes.
The UK government has postponed a revaluation of business rates planned for next year as it aims to help companies struggling to survive in the coronavirus shutdown.
Unsecured creditors of failed department stores chain Beales are owed £17.6 million, administrator KPMG has said. The company went under owing money to fashion concessions and suppliers, as well as staff and landlords.
The UK’s still-new chancellor, Rishi Sunak, has delivered his first budget and went some way to meeting the demands of the retail sector. But it was felt he didn’t go far enough in some areas.
Beales is preparing to close all its stores as no buyer has come forward to snap up the business. But it seems its administrators are still trying to find someone who will buy at least part of it as a going concern.
Few days seem to go by at present without another retailer warning on the viability of some of its stores and the latest to do so is budget footwear retailer Shoe Zone.