Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Land Securities fashion store sales drop

Retail landlord Land Securities have reported a 1.7% drop in store sales for fashion retailers for the three months up to June 30.

Total sales are up 2.5% this quarter from the same period last year as the company “let voids” and “replaced poorer retailers with better performing ones.”

Shopping centre Trinity Leeds has moved on to 94% let and a further 15 units have opened for trading since 1 April.

Since the beginning of July, the company has agreed terms for the re-letting of five of the six remaining HMV stores in its portfolio.

Land securities also said the continued occupation of Republic on temporary, rolling one month leases gives it “control” over the units as it “considers its options”.

The failure of young fashion retailer Internacionale earlier this month leaves the company with 1.7% of the business in administration.

Land Securities’ Chief Executive Robert Noel said: “In London, demand is increasing and we remain confident that our portfolio is well positioned and our developments well timed. Overall, the retail market remains challenging but we are maintaining very high levels of occupancy in our centres and are pleased with our increased exposure to leisure.”


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.