Quote:
Originally Posted by heero_yuy
Very altruistic but I wonder how that plays with the shareholders?
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That's all in the past, M&S's policy has now changed. Of course, there may be more closures to come as rental periods come to an end. BHS and other stores have been locked into some unprofitable locations for long periods of time. They have the choice of
1) Closing the store but still paying the rent.
2) Renegotiating the rent.
3) Going into a CVA - effectively providing a chance to close the stores but not pay rent and renegotiate rent more easily.
Another area to watch in the future betting shops and the impact the maximum spend of £2 on betting machines will have. Bookmakers claim 20,000 jobs. Maybe extreme but there will certainly be some closures.
http://www.independent.co.uk/news/bu...-a7601646.html
---------- Post added at 11:48 ---------- Previous post was at 11:45 ----------
Quote:
Originally Posted by denphone
B&M's have also filled that gap as well Andrew.
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Yes, I agree, great store. They also do quite a bit of food too which I don't think Woolworths did.