Tommy Tainant
Diamond Member
All the big retailers are reporting their Xmas trading results at the moment and it makes for gloomy reading. It looks like we spent a lot less this year
So far -
M and S
Tesco
sainsburys
Morrisons
Waitrose
Joules
Superdry
All down.
Game
HMV
Jessops
Debenhams
House of Fraser
All closing stores.
Mothercare - gone completely.
Brexit: 2019 worst year ever for British retail sales
The internet is copping for some of the blame,brexit is another reason. But high rents is as valid a reason. Landlords are still expecting to charge pre internet rents on properties that no longer warrant it. A change is gonna come and its best to stay out of retail and retail property.
So far -
M and S
Tesco
sainsburys
Morrisons
Waitrose
Joules
Superdry
All down.
Game
HMV
Jessops
Debenhams
House of Fraser
All closing stores.
Mothercare - gone completely.
Brexit: 2019 worst year ever for British retail sales
The internet is copping for some of the blame,brexit is another reason. But high rents is as valid a reason. Landlords are still expecting to charge pre internet rents on properties that no longer warrant it. A change is gonna come and its best to stay out of retail and retail property.