Colliers International news and archive

UK’s retail Armageddon, take two: M&S and Next expected to shutter dozens of stores

Marks & Spencer is reported to be shutting 100 of its large clothing and food shops in an attempt to revert poor sales and shrinking profits. It has already closed 20 as part of a plan announced 18 months ago to significantly reduced the space dedicated to worse-performing stores. On a related note, property consultancy firm Colliers...

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Retail

Jermyn Street: the 'Most British' shopping street in London

As more and more global brands flock to the London to set up a shop, the city centre continues to become more internationalised which in turn leads to rents to spiral upwards. With less than half of the shops in London's West End, also known as the city's prime shopping area, occupied by British Brands, Jermyn Street remains the 'Most British'...

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Old Bond Street: Most expensive street in Europe

London's Old Bond Street is the most expensive street in Europe in terms of retail location, according to the latest data from Colliers International, real estate adviser. Rent on the southern section of Bond Street, best known for its exclusive and premium stores, has peaked at 838 pounds per square foot annually, surpassing Europe other...

Fashion

Get aside, show business: fashion takes on West End

Show business is giving way to international retailers, who are fighting to get the best locations at the trendier than ever London´s West End. Rents on Oxford Street, Bond Street and Regent Street, central London's premier retail locations, rose as much as 20 percent last year, Colliers International estimates. Up to know, they are the US-...