Fallen star

Article Abstract:

UK property developer Chelsfield has until recently been very popular with investors. However, its share price has declined dramatically since Mar 1998. Some observers feel that the company's ambitious development programme has led to high costs and insufficient progress. It has taken a considerable risk with three very large schemes, all of which are suffering delays for administrative regions. However, its fortunes could be revived by the news that Marks & Spencer plans to open one of its biggest outlets at the company's planned 460 million pounds sterling shopping centre in west London, England.

Chelsfield

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Streets ahead

Article Abstract:

Street in Somerset, UK, attracts 3 million visitors annually, primarily because of Clarks Village, a factory outlet market. The 70,000-sq ft market, anchored by C and J Clark's shoe store, also includes blue-chip companies such as Jaeger and Royal Worcester. Sony UK is apparently investigating a move to Street which would have minimum impact on its authorised dealerships. A 29,000-sq ft third phase is planned for the centre, with stores expected from the book, fashion and children's wear industries.

Retail Stores, Planning, Retail industry, Retail trade, Buildings and facilities, Outlet stores, Factory outlets, C and J Clark Ltd.

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Australian giant shops in Europe

Article Abstract:

The use of strong branding can reduce the cost of television advertising, according to shopping centre concern Westfield European Director Peter Allen. He believes that strong branding will make it possible to use Westfield as a generic brand across several centres. He is seeking shopping centre operations with a development element where Westfield can add value. The company will be focusing on centres larger than 27,870 sq mt or that could be extended to dominate a market.

Officials and employees, Interview, Shopping centers, Allen, Peter, Westfield Corp.

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