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Re: Changes on the High Street
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Re: Changes on the High Street
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Oh - and there's Otters Deli in Oakham. Top stuff. |
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Got to visit it when I was a civvy in the 80s, as one of my brothers-in-law lived in Harringworth - the local pub had lovely pints of Pedigree and Ruddles County, and there were often "lock ins" for the locals (and their guests) as it was in the middle of nowhere, so unlikely that passing plod would interrupt. |
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In that it's literally the same food with different stickers, from the same warehouses. |
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Re: Changes on the High Street
Shopping centre owner Intu expected to go into administration.
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Re: Changes on the High Street
£4.5bn of debt was always going to bite them on the bum eventually. Malls have an advantage over the high street in that they have parking and are usually covered, so they’re still a day out even when the weather’s awful (not a small consideration for the likes of Braehead on a winter day in Glasgow). But some analysts are saying that the growth of online shopping, that would have affected even profitable malls perhaps 5 years from now, has accelerated due to Covid19.
Some of Intu’s portfolio is good and will survive - I can’t see any reason for the likes of Braehead, Trafford or Lakeside malls to be broken up for scrap. I don’t know enough about the others though. |
Re: Changes on the High Street
Intu Watford and Victoria Centre Nottingham (particularly the former) are sited on high streets. They are a boon to the rest of the high street.
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Re: Changes on the High Street
Most seem pretty good sites to me https://www.intugroup.co.uk/en/our-centres/
There was a commentator on Radio 4 earlier - she made the point that indoor sites which were at a premium in the past to high street locations (think British weather) are reversed now, due to higher Covid-19 risks. Based on the quality of the sites, I reckon the administrators won't have a problem shifting most of them, albeit at a hefty discount from what they were worth back in March. I can see longer-term investors like the Duke of Westminster's Grosvenor Estates being interested. |
Re: Changes on the High Street
Not quite the High St., but I visited a well-know DIY store a couple of days ago. No queue to get in, but a 40 minute queue to get out! And near the checkouts were piles of stuff that people had dumped before walking out. It was at that point in the store that a small sign declared "card sales only".
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