Retail

HSBC profits rise as it prepares for UK ringfence

Image copyright Getty Images HSBC has reported a rise in its first half profits and announced a share buyback as it prepares to ring-fence its UK retail arm by 2019. Europe’s biggest bank reported a 5% rise in pre-tax profit of $10.2bn (£7.8bn) for the first six months of 2017, up by about $500m. As widely expected, the bank has ...

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Food and drink nudge out fashion shops down at the mall

CHRIS HUTCHING Last updated 14:25, July 31 2017 DANIELLE CLENT/STUFF Retail experts say the future of malls lies more in social experiences, especially food and beverages. Food and drinks outlets have become as important as international fashion shops in shopping centres. Australian based retail expert, Suzee Brain, said the future of retailing will be driven by increased social connections and unique experiences. “Food, along with ...

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Developer pivots amid hot housing market

From big box, to home. London’s housing market is so hot, a Toronto developer is now pitching a big residential development in Hyde Park on land that had been slated for more retail expansion. SmartREIT, a real estate investment trust, has applied to rezone a vacant 7.3-hectare site it owns at 1235-1295 Fanshawe Park Road W., near Dalmagarry Road, directly ...

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State fails to OK tax holiday for 2nd year

Massachusetts retailers will decide Wednesday whether to advocate for a 2018 ballot initiative to slash the sales tax, after the Legislature adjourned Friday without approving a sales tax holiday for the second year in a row, said Jon Hurst, president of the Retailers Association of Massachusetts. “I’m not sure the public policy leaders totally understand what is happening with consumers ...

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RETAIL CORRIDOR with All-In-1 Estate Sales, Rent Me RV LLC – News – Northwest Florida Daily News

By Sharon Dooley | skLscoops@cox.net ALL-IN-1 ESTATE SALES Rebecca Corder offers one recommendation for people liquidating a friend or relative’s estate, especially when military memorabilia is involved. “We ask people to not throw out anything until we can look at it,” Corder said. Corder has the knowledge and experience with military memorabilia, particularly pre-1980, and she works to find ...

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State looking at ways to help retailers compete

Massachusetts retailers, who say they’re getting squeezed by unfair online competition as well as state regulations that put them at a disadvantage, may be able to look ahead from some relief in the form of a Senate task force being formed to strengthen their sector. Massachusetts Senate President Stan Rosenberg, D-Amherst, and Senate Minority Leader Bruce Tarr, R-Gloucester, announced the ...

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Runners rejoice: Run Texas retail shop opens in The Colony

Run Texas opened July 7 at 5480 FM 423, Ste. 500, Frisco. The retail shop specializes in running gear and sells various types of running shoes, running apparel and accessories. The store will host weekly running groups and demo nights with the shop’s top brands. The store also will have an exclusive one-on-one coaching program with shop owner Mike Rouse, ...

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Extend opening hours and learn lessons from other cities – retail guru gives advice to Lincoln shopkeepers

Shopkeepers in Lincoln could learn lessons from the innovative traders of Brighton’s Laines, Boxpark in Shoreditch and Spitalfield’s London, according to retail expert Corin Birchall. Through his consultancy business Kerching! Making your till ring! Mr Birchall works with businesses across Europe, transforming and reinvigorating their sales and customer service operations. Here, he gives Lincolnshire Live his lowdown on Lincoln… For ...

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Is the worst over for retail-based REITs? – Business News

MALL-and-office based real estate investment trusts (REITs) continue to feel the impact of the weak consumer sentiment and the glut in office space. On Thursday, Pavilion REIT, which owns the Pavilion Mall, posted a further slide in net profit for the second quarter ended June 30. The week before, another notable mall-and-office based REIT, CapitaLand Malaysia Mall Trust (CMMT), which ...

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