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- 40 stores to close... (part 3)
WJ is obviously not the Duchess of Cambridge in disguise. I did hear when this happened she was a customer. A fact that somehow, I know not how, had escaped me in the past as had the name of the chain
With respect, it’s not quite that. Most of the businesses that are struggling or have gone under (Debenhams, Maplin, etc) signed up for leases fully aware of the rents and rates due and the fact that they would increase. Their problem is that income has fallen meaning there is no longer enough to cover the rent. Few, if any, bricks and mortar retailers realised how fast and how far consumer spending would move online.blythburgh wrote: ↑Tue Apr 16 2019 10:33amThe big problem is too high rent and far too high business rates.
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