Telling the truth about SME life today

High-street retailers rebel against rent

According to The Times, 16 retailers – who pay a combined £2bn in annual rent – have signed up to the revolt against landlords.

So what’s their gripe The high-street retailers want to pay their rent a month in advance rather than quarterly, claiming that the bulk upfront payments are putting enormous pressure on their cash flow.

The rebellion comes at a time when retailers’ sales have been squeezed by the credit crunch and many smaller players have been forced into administration.

Trending

Related Stories

More From

Trending

If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!