Network Rail isn’t just about trains. As the owner and infrastructure manager of most of the railway network in Great Britain, it also has a huge retail estate on its stations and it has just announced that retail sales reached over £800 million in the past 12 months across its portfolio of 19 managed stations. [...]read moreNetwork Rail retail makes big progress as travellers return
Translated by Cassidy STEPHENS Published Apr 18, 2024 Already very present in the luxury and retail worlds, the use of artificial intelligence is set to intensify and even ‘transform’ these sectors, according to a study published by Deloitte to coincide with the World Retail Congress, being held in Paris from April 16 to 18. 52% [...]read moreAI will accentuate hyper-personalisation in retail
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according [...]read moreRetail losses lead February decline in reverse mortgage volume
By Reuters Published Apr 14, 2024 Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Reuters Central said in a statement on Friday that it was optimistic about talks to acquire the entire KaDeWe [...]read moreThailand’s Central buys German luxury retail property KaDeWe
California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage’s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed. “Norcom Mortgage has made the strategic decision to focus on and continue to grow our wholesale platform [...]read moreCMG acquires Norcom Mortgage’s retail assets
There’s been little good news coming out of UK retail in recent periods and so it was on Friday with high street sales data from BDO for March. Public domain It was the sixth month of negative results for the BDO tracker, the longest period of negative sales growth outside of the pandemic. That said, [...]read moreUK retail sales sluggish in March, but fashion edges up online
UK retail sales have “stabilised” this month after 10 months of decline. That’s the core message of the latest CBI Distributive Trades Survey that showed sales being “broadly flat”. Photo: Pexels First, let’s be clear. The figures aren’t about the absolute volume or value of sales. Instead they relate to the percentage of retailers reporting [...]read moreUK retail sales recover slightly in March but April is set to be weak
By Bloomberg Published Mar 22, 2024 UK retail sales were stronger than expected in the first two months of the year as wet weather prompted consumers to buy clothing and more goods from Internet stores. Photo: Pexels The volume of goods sold in shops and online was unchanged last month after a 3.6% gain in [...]read moreUK retail sales were stronger than expected at start of the year
Design connoisseurs have always held Japanese design at the top of their lists. Thus, it tracks that watchmaker Seiko, who also tops innovative timepiece design lists for inventing the world’s first quartz watch in 1969, is a part of that legacy. (They also developed the first Japanese diver watch and six-digit LCD quartz watch in [...]read moreGrand Seiko etches new US retail design concept
In this article Despite recent challenges in the commercial real estate space, one area has become surprisingly popular among institutional investors: retail. As demand for office space has declined, retail seems to have picked up, despite a tumultuous 2023. According to the Wall Street Journal, private investors snagged $1 billion more in retail assets than [...]read moreRetail Investing Is Making Its Return—What It Means for CRE in 2024