Profits UK's main shopping centre group go up 53%

Capital Shopping Centres, the UK's main shopping centre group, has seen its half-year profits rise 53% to 76 million euro, despite the British customers' decreased spendings. The reason is that in these difficult circumstances, major chains battle to reach the top spots, sending rents through the roof. 

 

These top spots are exactly CSC's specialisation: since taking over Trafford Centre in Manchester, the group now owns 10 of the 25 British shopping centres with the highest turnover. The group saw only 3% of its spaces vacant and had its income from rent rise with 6.1%. Including the 1.83 billion euro takeover of Trafford Centre, that raise was up to 32% - totalling 203.7 million euro. 

 

Since January, 80 new companies joined forces with CSC, including international fashion brands like Mango, Forever 21 and Superdry, but also the likes of Krispy Kreme doughnut stores.  

Capital Shopping Centres, the UK's main shopping centre group, has seen its half-year profits rise 53% to 76 million euro, despite the British customers' decreased spendings. The reason is that in these difficult circumstances, major chains battle to reach the top spots, sending rents through the roof. 

 

These top spots are exactly CSC's specialisation: since taking over Trafford Centre in Manchester, the group now owns 10 of the 25 British shopping centres with the highest turnover. The group saw only 3% of its spaces vacant and had its income from rent rise with 6.1%. Including the 1.83 billion euro takeover of Trafford Centre, that raise was up to 32% - totalling 203.7 million euro. 

 

Since January, 80 new companies joined forces with CSC, including international fashion brands like Mango, Forever 21 and Superdry, but also the likes of Krispy Kreme doughnut stores.  

Questions or comments? Please feel free to contact the editors


Amazon almost ready to launch first cashierless Go

20/11/2017

According to certain sources, Amazon is currently hiring construction managers and marketers for its Amazon Go team. This move may suggest that the cashierless supermarket concept may be ready for prime time – for real this time.

Turnover for 100 largest web shops in Belgium grows 13.5 %

16/11/2017

Turnover for the top 100 web shops in Belgium grew 13.5 % from 3.7 to 4.2 billion euro. Digital sales for food items and household products have increased considerably.

Barbie rejects G.I. Joe & co (for now?)

16/11/2017

Toy giant Mattel has allegedly turned down competitor Hasbro’s bid, according to press agency Reuters’ anonymous sources close to the deal. It is still unclear what the repercussions would be.

Henkel increases full-year turnover forecast

15/11/2017

For the first time ever, Henkel will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.

Singles' Day alters the global retail calendar, even here

14/11/2017

Move aside Christmas turnover, Singles’ Day is the world’s largest shopping holiday – by far. Alibaba generated a 22 billion euro turnover in a single day and even Bol.com took advantage of the day. Are we heading to a new retail calendar?

Avoid long waiting lines at cash registers thanks to Google Maps?

13/11/2017

Google will add a new option to its Maps app on 23 November: users will then be able to assess how much time they will lose at the cash register.

Back to top