Rethinking Over-Spaced Flagships
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
ANNUAL REPORT 2016 French Connection Group PLC French Connection Group PLC FRENCH CONNECTION • GREAT PLAINS • TOAST • YMC
ANNUAL REPORT 2016 French Connection Group PLC French Connection Group PLC FRENCH CONNECTION • GREAT PLAINS • TOAST • YMC The French Connection Group designs, produces and distributes branded fashion clothing for men and women to more than 50 countries around the world CONTENTS STRATEGIC REPORT FINANCIAL STATEMENTS Chairman’s Statement _______________________ 2 Consolidated Statement of Comprehensive Income __________________ 30 Our Business ______________________________ 3 Consolidated Statement of Financial Position __ 31 Corporate Social Responsibility _______________ 7 Consolidated Statement of Changes in Equity __ 32 Financial Review ____________________________ 9 Consolidated Statement of Cash Flows _______ 33 GOVERNANCE Notes to the Group Accounts ________________ 34 Board of Directors _________________________ 11 Company Balance Sheet ____________________ 52 Directors’ Report __________________________ 12 Statement of Changes in Equity ______________ 53 Corporate Governance Statement ____________ 15 Notes to the Company Accounts _____________ 54 Audit Committee Report ____________________ 17 SHAREHOLDER INFORMATION Directors’ Remuneration Report ______________ 20 Five Year Record __________________________ 59 Statement of Directors’ Responsibilities _______ 27 Advisers __________________________________ 60 Independent Auditor’s Report ________________ 28 Financial Calendar _________________________ 60 Notice of Meeting __________________________ 61 ChairmaN’S STatement Dear Shareholders As reported in September, we went through -
Debenhams: the Rise and Fall of a British Retail Institution Rupert Neate
Debenhams: the rise and fall of a British retail institution Rupert Neate The Gaurdian.com 1 December 2020 Founded in 1778, Debenhams was one of the largest and most historic department store chains in the world. The business was formed by William Clark as a single high end drapers store at 44 Wigmore Street in London’s West End. It rose to become one of the biggest retailers in the UK with, at one point, more than 200 large stores across 18 countries and exclusive partnerships with some of the world’s best-known designers including Jasper Conran and Julien Macdonald. But on Tuesday, the shutters finally came down as administrators announced the chain would be wound down and all of its remaining 124 stores shut, putting potentially all of its 12,000 employees out of work. The demise of Debenhams comes just a day after Sir Philip Green’s Arcadia Group retail empire collapsed into administration, putting a further 13,000 jobs at risk. In the 1980s and 1990s both retailers had been part of the vast Burton Group, founded by Sir Montague Maurice Burton. Clark’s business remained just the single shop on Wigmore Street until 1813 when he teamed up with Suffolk businessman William Debenham, and expanded into two stores on opposite sides of the street. One was known as Debenham & Clark and the other known as Clark & Debenham. The first store outside London – and an exact replica of the original Wigmore Street shop – was opened in Cheltenham in 1818. “In the ensuing years the firm prospered from the Victorian fashion for family mourning by which widows and other female relatives adhered to a strict code of clothing and etiquette,” the company says on its website. -
Sainsbury's Winchester.Pub
For Sale/To Let Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Freehold Investment with a 55 year lease to Sainsbury’s Supermarkets LTD avisonyoung.co.uk/109797 Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Investment Summary Freehold property with 55 years unexpired Strong (very low risk) covenant of Sainsbury’s Supermarkets LTD Annual Rent of £13.50 per sq ft £269,000 per annum Pre-1995 lease benefits from Privity of Contract Gross Internal Area 19,923 sq ft Offers in excess of £5,800,000 (Five Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect an attractive Net Initial Yield of 4.35% and a capital value of £291 per sq ft. 2 Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Location Winchester is an affluent and historic cathedral city and commercial, administrative and tourist centre situated approximately 12 miles north of Southampton and 15 miles south west of Basingstoke. Winchester, with a catchment population of approximately 95,000, is well served by communications with Junctions 9-11 of the M3 situated 1 mile to the west. This provides access to London and Basingstoke while to the south is the M27 Motorway which links Portsmouth and Southampton. Situation The property is situated at the junction of Silver Hill and Middle Brook Street, just to the north of High Street and south of the Brooks Shopping Centre which is the principal shopping area in Winchester. Nearby occupiers include Marks and Spencer, Primark, Poundland, Debenhams and Superdrug. Winchester train station is located a short distance to the east of the subject property. -
NEWCASTLE Cushman & Wakefield Global Cities Retail Guide
NEWCASTLE Cushman & Wakefield Global Cities Retail Guide 0 A city once at the heart of the Industrial Revolution, Newcastle has now repositioned itself as a thriving and vibrant capital of the North East. The city offers a blend of culture and heritage, superb shopping, sporting activity and nightlife with the countryside and the coastline at its doorstep. The city is located on the north bank of the River Tyne with an impressive seven bridges along the riverscape. The Gateshead Millennium Bridge is the newest bridge to the city, completed in 2001 - the world’s first and only titling bridge. Newcastle benefits from excellent fast rail links to London with journey times in under three hours. Newcastle Airport is a top ten UK airport and the fastest growing regional airport in the UK, with over 5 million passengers travelling through the airport annually. This is expected to reach 8.5 million by 2030. NEWCASTLE OVERVIEW 1 Cushman & Wakefield | Newcastle | 2019 NEWCASTLE KEY RETAIL STREETS & AREAS NORTHUMBERLAND ST GRAINGER ST & CENTRAL EXCHANGE Newcastle’s traditional prime retail street. Running Grainger Street is located between Newcastle Station and between Haymarket Metro Station to the north and Newcastle’s main retail core. It not only plays host to the Blackett St to the south. It is fully pedestrianised and a key historic Central Exchange Building and Central Arcade footfall route. Home to big brands including H&M, Primark, within, but also Newcastle’s famous Grainger Market. Marks & Spencer, Fenwick among other national multiple Grainger Street is one of Newcastle’s most picturesque retail brands. -
A Leading Multi-Channel, International Retailer 2011 Highlights
Debenhams Annual Report and Accounts 2011 A leading multi-channel, international retailer 2011 highlights Financial highlights* Gross transaction value £2.7bn +4.5% Revenue £2.2bn +4.2% Headline profit before tax £166.1m +10.0% Basic earnings per share 9.1p +21 . 3% Dividend per share 3.0p *All numbers calculated on 53 week basis Operational highlights • Market share growth in most key categories: women’s casualwear, menswear, childrenswear and premium health & beauty • Strong multi-channel growth; online GTV up 73.8% to £180.4 million1 • Excellent performance from Magasin du Nord: EBITDA up 141.1% to £13.5m2 • Sales in international franchise stores up 16.5% to £77.0m1 • Three new UK stores opened, creating 350 new jobs • Eleven store modernisations undertaken • New ranges including Edition, Diamond by Julien Macdonald and J Jeans for Men by Jasper Conran • “Life Made Fabulous” marketing campaign introduced 1 53 weeks to 3 September 2011 2 53 weeks to 3 September 2011 vs 42 weeks to 28 August 2010 Welcome Overview Overview p2 2 Chairman’s statement 4 Market overview 6 2011 performance Chief Executive’s review New Chief Executive p8 Michael Sharp reviews the past year and sets the Strategic review strategy going forward Strategic review p8 8 Chief Executive’s review 11 Setting a clear strategy for growth 12 Focusing on UK retail 16 Delivering a compelling customer proposition 20 Multi-channel Focusing on UK retail 24 International Improving and widening Finance review p12 the brand in the UK Finance review p28 28 Finance Director’s review -
Can Arcadia Stop the Rot? As Sir Philip Green's Fashion Empire Faces Tough Times, Gemma Goldiingle and George Macdonald Analyse How It Can Turn the Corner
14 Retail Week June 16, 2017 Can Arcadia stop the rot? As Sir Philip Green's fashion empire faces tough times, Gemma Goldiingle and George MacDonald analyse how it can turn the corner ashion giant Arcadia, owner of famous One of the Arcadia brands facing the fascias such as Topshop, Evans and most competition is the jewel in its Dorothy Perkins, suffered a steep fall in crown - Topshop. profits last year. The retailer was once a haven for FThe retailer's annual report and accounts, fashion-forward young shoppers and filed at Companies House this week, showed exuded cool. that earnings took a£129.2m hit from excep- However, over the past decade tionals as onerous lease provisions and costs Zara, H&M and Primark have surged relating to the now defunct BHS had an impact. in popularity while pureplay rivals But even before such items were taken such as Asos and Boohoo are also rivalling into account, operating profit slid 16% from Topshop in the style stakes. £252.9m to £211.2m on sales down from Some industry observers believe it is no £2.07bnto£2.02bn. longer the automatic first-choice shopping Arcadia faces many of the same problems destination for its young customers. as its peers, such as changes to consumer GlobalData analyst Kate Ormrod says: spending habits and currency volatihty, as well "Online pureplays are now the first port of as some particular challenges of its own. call. They are dominating in terms of customer Arcadia said: "The retail industry continues engagement. Shoppers are on there first thing Has Topshop(above, to experience a period of major change as in the morning and last thing at night." right) lost its cool customers become ever more selective and Ormrod says that Topshop needs to do more despite attempts to value-conscious and advances in technology to engage its customers online and connect remain current? open up more diverse, fast-changing and more with popular culture. -
Maisons Du Monde Comes to the Uk High Street for the First Time – Opening at Debenhams on 7Th April
MAISONS DU MONDE COMES TO THE UK HIGH STREET FOR THE FIRST TIME – OPENING AT DEBENHAMS ON 7TH APRIL • Leading furniture and décor brand Maisons du Monde is set to unveil three stylish concession stores at flagship Debenhams stores in London Westfield, Manchester and Birmingham • The news promises to please interiors fans across the country, who will be able to visit physical Maisons du Monde points of sales in the UK for the very first time • Hundreds of products from Maisons du Monde’s stylish new 2018 collections will be available to delight Debenhams customers and UK fans of the furniture and décor brand Hugely popular interiors and décor brand Maisons du Monde is set to unveil three innovative new concession stores as part of a new partnership with British department store Debenhams. The brand is launching three flagship ‘shop-in-shops’ which open on April 7th, offering customers an innovative shopping experience and the chance to discover Maisons du Monde 2018 ranges in physical stores for the very first time. The dedicated spaces will measure 400 square metres each and will immerse customers in themed interior universes, showcasing décor alongside furniture items in vibrant and inspirational room sets. Since its online launch, Brits have fallen in love with the chic French brand which offers thousands of distinctive products at accessible prices. And now, the three new shops-in-shops will showcase the five different themes from the new 2018 collection: the popular Suzon range, as well as the earthy, authentic Green Market trend, the vibrant Sweet Tropical look, Golden Oasis and Cabane themes. -
Debenhams 2–8 Westgate Street and 1-5 & 7 Cornhill
DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH Prime Town Centre Investment / Development Opportunity For Sale on behalf of the Joint Fixed Charge Receivers, NJ Pask & RJ Goode DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH INVESTMENT SUMMARY • Department store investment / redevelopment • Landmark store totalling 182,008 sq ft arranged opportunity, prominently located within Ipswich over basement, ground, and two upper floors. Town Centre. • Freehold. • Ipswich is the historic, cultural and economic • Let to Debenhams Retail plc on a turnover centre of the County of Suffolk and a major hub lease, with flexible landlord breaks from 31 for the East of England. January 2022. • Frequent train services to London Liverpool • Significant redevelopment potential to a variety Street with a journey time of only 1 hour 15 of alternative uses. minutes. • Opportunity to adapt to a suggested trend in • 100% prime location in the heart of Ipswich demand for out-of-London living and in-town fronting the dominant retail pitch. amenities. THE PROPOSAL Offers sought in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of only £30 per sq ft. DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH The property is situated in the heart of Ipswich in the prime pedestrianised pitch with excellent frontage on to Cornhill, the main market square and focal point of activity for the town. DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH LOCATION Ipswich is the historic market town of Suffolk in East Anglia, located on the River Orwell approximately 65 miles to the north east of London. -
Ockleston Bailey
UNIT 2, 58-62 JAMESON STREET, HULL HU1 3LS ockleston bailey PRIME FREEHOLD RETAIL INVESTMENT retail leisure investment LET TO ANN SUMMERS LIMITED Location Hull is located in the North East on the northern banks of the Humber Estuary. The City is located 60 miles (96km) east of Leeds, 40 miles (64 km) southeast of York, 45 miles (72km) east of Doncaster, 66 miles (106km) east of Sheffield and187 Investment Summary miles (301 km) north of London. n Prime trading location on the pedestrianised Jameson Street. Hull benefits from excellent road communications being strategically located on the A63 which provides direct access to the M62 motorway which in turns runs n In close proximity to the £130 million Albion Square west to Manchester and connects with the M1 motorway. The M180 is situated redevelopment of the former BHS/Co-op and Edwin Davis 15 miles (24km) south and is accessed via both the A63 and A15. Buildings (King Edward, Jameson and Waltham Streets) to The City benefits from an excellent rail service with regular services from Hull create 182,000 sq ft of retail space, with 279 residential units, Paragon Interchange running to London Kings Cross with a fastest journey time of more than 600 car parking spaces and a new Ice Arena. approximately 2hrs 45mins. In addition there are regular services to Leeds, York and Manchester and onwards to the rest of the UK. n The property is let to Ann Summers Limited (Company No.01034349) by way of a 10 year FR&I lease from 29 October Humberside Airport is located within a 30 minute drive time south of Hull and 2018, subject to an upward only rent review in 5th year, at a serves in excess of 500,000 passengers a year. -
Annual Report & Accounts 2019
ANNUAL REPORT & ACCOUNTS 2019 SPORTS DIRECT INTERNATIONAL PLC AT A GLANCE Founded as a single store in 1982, Sports Direct International plc (Sports Direct, the Group, the Business or the Company) is today the UK’s largest sporting goods retailer by revenue. The Group operates a diversified portfolio of sports, fitness, fashion and lifestyle fascias in over 20 countries. We have approx. 29,400 staff across six business segments: UK Sports Retail, Premium Lifestyle, House of Fraser Retail, European Sports Retail, Rest of World Retail and Wholesale & Licensing. Our business strategy is to invest in our people, our business, and our key third party brand partners, in order to elevate our retail proposition across all our channels to attain new levels of excellence. The Group aspires to be an international leader in sports, lifestyle, and luxury apparel retail, by offering our customers a dynamic range of iconic brands. We value our people, our customers, our shareholders and our third-party brand partners - and we strive to adopt good practices in all our corporate dealings. We are committed to treating all people with dignity and respect. We endeavour to offer customers an innovative and unrivalled retail experience. We aim to deliver shareholder value over the medium to long-term, whilst adopting accounting principles that are conservative, consistent and simple. MISSION STATEMENT ‘TO BECOME EUROPE’S LEADING ELEVATED SPORTING GOODS RETAILER.’ CONTENTS 1 HIGHLIGHTS AND OVERVIEW 002 2 STRATEGIC REPORT Chair’s Statement ��������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� -
Specialist Retail Unit F41 Metrocentre
Upon the instructions of intu properties plc. TO LET – SPECIALIST RETAIL UNIT F41 METROCENTRE GATESHEAD NE11 9YG TENURE The unit is available by way of a new 5 year effectively Full Repairing and Insuring Lease for a term certain of 12 months, subject to a monthly mutual rolling option to break the lease thereafter. The lease will be contracted out of the security of tenure provisions provided by the Landlord and Tenant Act 1954. Rent Reviews will be on an annual basis in line with the Retail Price Index (RPI). RATES With effect from 1 April 2010 the property is assessed for rating purposes as follows:- Rateable Value £40,750 UBR 2012/2013 45.8p Interested parties should verify the accuracy of this information and the rates payable with Gateshead Metropolitan Borough Council (Tel: 0191 433 3000). LOCATION LEGAL COSTS The Metrocentre is the principal regional shopping centre in The ingoing tenant is to be responsible for the Landlord’s legal the North of England and the largest covered shopping and costs incurred in connection with any transaction. Further leisure complex in Europe, providing in excess of 1.8M sq ft details upon application. of retail and leisure accommodation with over 9,250 free car parking spaces. The centre is anchored by Marks & CODE OF PRACTICE Spencer, Debenhams, House of Fraser and Odeon The landlord accepts the principles and will be flexible in Cinema, with other retailers including Primark, Zara, Apple considering alternative terms offered in accordance with the and Next. Commercial Lease Code of Practice. SITUATION ENERGY PERFORMANCE CERTIFICATE The unit is situated on the upper level of Metrocentre in The The Energy Performance Asset Rating is Band B (46). -
Acquisition of British Heritage Brands Dorothy Perkins, Wallis and Burton out of Administration
FOR IMMEDIATE RELEASE 8 February 2021 The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) and the retained UK law version of MAR pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310) (“UK MAR”). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. For the purposes of MAR, UK MAR, Article 2 of Commission Implementing Regulation (EU) 2016/1055 and the UK version of Commission Implementing Regulation (EU) 2016/1055, the person responsible for releasing this announcement is Neil Catto, Chief Financial Officer of boohoo group plc. boohoo group plc ("boohoo" or "the Group") Acquisition of British heritage brands Dorothy Perkins, Wallis and Burton out of administration boohoo, a leading online fashion retailer, is pleased to announce that it has agreed to acquire all of the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory of the Burton, Dorothy Perkins and Wallis brands (“the Brands”) from the joint administrators of Arcadia Group Limited (in administration) and its relevant subsidiaries (“the Transaction”). boohoo will pay £25.2 million in cash, funded from existing cash resources, on completion. Strategic Rationale • Significant opportunity to grow boohoo’s market share across a broader demographic