Tag : property
Retailers demand rent cuts on 500 storesSubscription
High street retailers River Island, Jack Wills and Schuh are pushing landlords to cut their store rents as tough trading and competitor company voluntary arrangements pile on the pressure.
Jack Wills’ new owner, Sports Direct, is asking landlords to accept rent-free tenancy agreements across some of its worst-performing stores, Drapers can reveal.
Hammerson appoints premium outlets MDSubscription
Property company Hammerson has appointed Simon Travis as managing director of premium outlets, to build on its outlet growth.
H&M group demands turnover rents Subscription
H&M group is asking landlords to accept turnover-based rents as part of any tenancy agreement for lease renewals and new stores, Drapers understands.
Small landlords to be hit by Debenhams CVASubscription
Debenhams will ask small landlords and councils to slash rents and business rates if the struggling department store chain’s creditors approve its proposed company voluntary arrangement (CVA) this week.
Landlords join forces over Arcadia CVASubscription
A group of landlords including British Land and Hammerson is reported to be hiring advisers to negotiate better terms from the impending Arcadia Group company voluntary arrangement (CVA).
A new start for New LookSubscription
With retail veteran Nigel Oddy driving operations, a lighter debt load, and a leaner store estate and menswear offer, the fast fashion retailer is primed for a resurgence.
Retailers at Coal Drops Yard have described the shopping destination as “a dream that’s not materialised” as they struggle with “bleak” levels of footfall six months after it opened in London’s King’s Cross.
Traditional signs of retail strength – such as a large store portfolio – can now be weaknesses, says retail analyst Richard Hyman.
As conditions on the high street heap pressure on retailers, they are looking to landlords to help ease the financial burden. Drapers investigates the changing balance of power between the two