Westfield news and archive

Gymshark to open four new stores, including first-ever pop-up

Sportswear brand Gymshark is continuing on its path of retail expansion, revealing that it is planning to open a total of four new stores over the next 12 months, including two UK permanent retail locations, its first-ever pop-up and its first store in mainland Europe. The pop-up will be the first to be introduced, with Gymshark set to open the...

Retail

Cath Kidston to return to physical retail following administration

Over one year on from its takeover by Next, and Cath Kidston appears to be on the verge of returning to physical retail. The news was shared on the brand’s official Instagram page, where the exterior of a boarded up store appeared in a mysterious video hinting at the new location. Upon closer inspection, the brand confirmed that the new store is...

Retail

House of Fraser closes Westfield store, exits Central London

House of Fraser has finally closed the doors of its last Central London store in Westfield shopping centre, Shepherd’s Bush. It comes as the multi-brand retailer exited from its Oxford Street location in 2022, as well as a further centrally located store three years prior. Initially reported by This is Money, the Frasers Group-owned brand now...

Retail

URW reveals development plans for Westfield Old Orchard in Illinois

Unibail-Rodamco-Westfield (URW) has unveiled an array of development plans for its Westfield Old Orchard site in Skokie, Illinois. The company said the North Shore destination will be “unlike anything else in Chicagoland”, with a park, event space and various amenities to be added to the modernised retail centre. The multi-phase plan already...

RetailFeatured

Westfield identifies trend for larger flagship stores as brands upsize

Brands are continuing to increase their retail footprint at Westfield London and Westfield Stratford, as Nike, Gucci, Tommy Hilfiger, Footlocker and Pull & Bear all sign up for larger stores. Unibail-Rodamco-Westfield UK, which owns Westfield London and Westfield Stratford in London, has signed almost 40 new agreements for either new shops or...

Retail

URW set to open three new Westfield flagships throughout Europe

Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...

URW selects new chief resources and sustainability officer

Global flagship developer Unibail-Rodamco-Westfield (URW) has announced the appointment of Sylvain Montcouquiol as chief resources and sustainability officer (CRSO) and member of the management board, effective January 1. Montcouquiol, who currently serves as executive managing director of human resources, will succeed Astrid Panosyan who is...

Retail

Westfield sees return of global brands for festive shopping

Westfield London has welcomed back a variety of global brands for the festive shopping period. Coming to Westfield London and Westfield Stratford City, the brands look to engage with visitors with pop-ups and in centre activations. Both London centres have seen around 40 million visitors since they reopened in spring. In Westfield London, Nike...

Business

Westfield owner URW reports recovering Q3 sales

The owner of London’s Westfield shopping centre has reported improving sales in the third quarter of the year driven by the reopening of its locations in continental Europe. Property giant Unibail-Rodamco-Westfield (URW) said Thursday that tenant sales at its continental European centres were up 6 percent compared to a year ago, and 92 percent...

Retail

Lady Gaga live streams performance for viewing parties in partnership with Westfield malls

Grammy award winning artist Lady Gaga performed a globally streamed performance in a partnership with retail brand Westfield, seeing fans come together for in-person viewing parties to witness a preview of her newly released jazz album. Gaga performed alongside Tony Bennett to celebrate the release of their new duet album, Love for Sale, with an...

Business

Westfield owner URW announces 1.25 billion euro bond placement

The owner of London’s Westfield shopping centre has announced a 1.25 billion euro two-tranche bond placement to help it strength its liquidity position and extend its debt maturity. It includes a 650 million euro bond with a 7-year and 5-month maturity and a 0.75 percent fixed coupon, and a 600 million euro bond with a 12-year maturity and a...

BusinessFeatured

Westfield owner URW reports slump in Q1 turnover, but upbeat on reopened markets

The owner of London’s Westfield shopping centre said Thursday its first-quarter turnover remained “strongly impacted” by the ongoing pandemic. Property giant Unibail-Rodamco-Westfield (URW) reported a 40.8 percent drop in turnover on a proportionate basis to 566.7 million euros, down from 956.6 million euros last year, as store closures...