Westfield London shopping centre. Photo Wikimedia Commons

Westfield shopping centres owner responds positively to Covid-19

Westfield owner to raise £3.2bn as it posts improving sales & footfall // Unibail-Radamco-Westfield says footfall & sales recovery in European centres improving since lockdowns // UK Westfield footfall is in the 60%-70% range compared to last year with good week-on-week improvement // However, UK tenant sales weaker than EU with a 70% drop in June followed by -47% in July & -34% in August Unibail-Rodamco-Westfield has revealed plans to undergo a £3.2 billion capital raise after posting recovering footfall and sales figures across its European shopping centres. The French shopping centre giant,…

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JD, Briggate, Leeds

JD seeks “rental realism” as Covid-19 impacts footfall

JD Sports has seen its sales and profits rise and now expects the growth to continue despite the impact of Covid-19. The sportswear retailer reported a sales growth of 30 per cent to £6.11 billion in the year ending February 1, before the lockdown was implemented. Like-for-likes advanced approximately 10 per cent in JD’s core UK and Ireland business. Meanwhile, pre-tax profit rose three per cent to £348.5 million over the year. JD, which last month put its Go Outdoors business through a pre-pack administration, called for “rental realism” as…

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