A fifth of the retailers that pay top rents of £100 per sq ft or more in UK retail parks are either in administration or subject to company voluntary arrangements.
According to a report by retail research agency Trevor Wood Associates in The Telegraph, some 20% of retailers paying top rental rates are in financial trouble, despite a 0.4% rise the total floor space occupied by retailers in 2009.
The report also issued a table of the top ten non-food retailers trading in retail parks measuring trading space rather than performance. Two retailers - DIY retailer B&Q and computer retailer PC World - decreased their total floor space in 2009, according to the report.
Two fashion retailers were included in the table, both of which increased space. Clothing retailer Matalan, came in at number four in the table and increased its space by 3%. Next, took the number seven spot, and increased its space by 8%.
Trevor Wood, founder of Trevor Wood Associates said: “By looking at the share of total retail park floor space over the past eight years, we can see the declining importance of the leading retail park tenants and the emergence of a growing number of new entrants to the retail warehouse market.”
The report follows an increase in the number of company voluntary arrangement (CVA) proposed by retailers including menswear group The Speciality Retail Group, which owns the Suits You chain, sports chain JJB | Sports and, last year, designer mini-chain Flannels.