Ikea's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans despite the coronavirus crisis.
Footfall to UK city centres may remain stubbornly low, but in the week that kids returned to school for the first time in many months, some adults also felt the time was right to get back to their workplaces.
A new report says many UK retailers created e-tail roles and took other digital actions during lockdown, and also that they plan to focus more on local high streets and less on city centres for their stores.
UK retail footfall continues to strengthen, although it’s still not where stores would want it to be and the return to normality will be slow. Store vacancy rates are up too, further undermining the rate of recovery.
Shareholders of under-pressure UK property firm Hammerson have voted in favour if its rescue plan that includes a right issue valued at £525 million and the £274 million sale of its stake in the VIA Outlets business
Landlords and retailers in shopping areas are pulling out all the stops to boost the physical shopping experience and this week Shaftesbury said it has linked up with Zandra Rhodes to do just that in Seven Dials.