Bolton Wanderers Football Club Fan Forum for all BWFC Supporters.


You are not connected. Please login or register

Another nail in the coffin for the high street

+2
Natasha Whittam
karlypants
6 posters

Go down  Message [Page 1 of 1]

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

It has been reported in the newspapers that Debenhams is to close a third of it's stores putting 4,000 jobs at risk after they have revealed a £500 million loss.

The closures will take place over the next 3-5 years although there has been no mention of which stores will possibly be closed.



Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse

Is there a point to this thread?

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

What's up Nat?

Growler


Tony Kelly
Tony Kelly

The news last week that Kendals on Deansgate in Manchester was shutting was a bigger shock than Debenhams, that was surely the flagship store of Manchester city centre.

y2johnny

y2johnny
Tony Kelly
Tony Kelly

Kendals
Debenhams
Hopefully john Lewis and Selfridges next

Overpriced.  Everything can be got cheaper elsewhere. No surprise

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

Hope Philip Green doesn't get involved. He's got enough on his plate at the moment. Razz

bwfc71

bwfc71
Ivan Campo
Ivan Campo

Growler wrote:The news last week that Kendals on Deansgate in Manchester was shutting was a bigger shock than Debenhams, that was surely the flagship store of Manchester city centre.
Problem with Kendals is that HoF sold and rented back the building.

What has happened since is that the landlord has raised and raised the rent of the building/land and it has now come to a point where the rent is now outstripping income.

it is very akin to what happened with Prestons in Bolton.   If rent is outstripping income and landlord is not prepared to reduce the rent what is the business going to do?

Yes the landlord will be financially better off with no tenants in a commercial property but it also means one less name on the high street.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum