The gradual retreat of retailers from physical spaces is continuing with the latest slate of store closures coming from Jack Wills, which is now owned by Frasers Group. One central London store is on the closure list.
Arcadia is quietly closing a raft of Topshop stores with 12 sites shuttering and weak Christmas trading believed to have sparked the latest closure round.
The full line-up of Christmas trading statements may not yet have been released, but plenty have already come out and it’s clear that Black Friday’s success could have dealt a crushing blow to Christmas trading overall.
Boux Avenue has become the latest high-profile retail name to be talking to its landlords over possible rent cuts with reports that it’s in ‘urgent’ talks in the most challenging retail environment ever seen.
Property giant Landsec has signed deals with 25 brands covering 139,900 sq ft across its shopping sites with big UK and international names having just joined or set to join its line-up.
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