In the news this morning, the closure of 31 House of Fraser stores could free up 3.3m sq ft of space according to EG.
The nationals analyse the state of the high street – including the department store chain’s CVA and the perilous state of Poundworld, and landlords react to the CVA.
Elsewhere, Whitbread is reported to be open to a sale of coffee chain Costa and plans to pedestrianise parts of London’s Oxford Street are “off the table for good” in a decision described as a ‘betrayal’.
NEWS ROUND-UP: House of Fraser closures could free up 3.3m sq ft of space
Plan to pedestrianise London’s Oxford Street scrapped by Westminster Council
Whitbread could sell the coffee rather than spin it
House price recovery better than expected, according to Halifax figures
Welcome to the future of office management
High street delivers worst performance in 12 years as retail crisis deepens
Retail giant ‘is making a mockery’ of closure rules
House of Fraser cuts stores and jobs as Poundworld seeks lifeline
