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Stock impact report

Shopping centre owners 'excited' for future [Yahoo! Finance]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: Yahoo! Finance
Peterborough's Queensgate shopping centre has faced tough times in recent years after big names including John Lewis, Marks and Spencer, Next, Monsoon and Accessorize left the building. Previously, shoppers said they had “ very little incentive ” to come into the centre. But, Queensgate owners, Invesco Retail Estate, said the future was looking “exciting” amid plans to bring a combination of leisure and retail businesses to the centre. Ed Ginn, Director of Investment Management at Invesco Real Estate, said the centre has had to “grapple with a vacant anchor store [John Lewis] alongside the usual struggles facing the high streets everywhere.” Mr Ginn said: “They are large stores and the investment needed to fill them and create a cinema can't be done overnight, but we want to thank everyone for their patience.” Invesco said the new Odeon cinema alongside the retail giant Frasers, which is due to take over the former John Lewis units in May 2025, was creating a “positive mome Show less Read more
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