Retail news

• Primark takes on landlords in push for rent cuts

  28-07-2019 18:50
  Fast-fashion chain seeks reductions on shops up for contract renewal as rivals cut rents using insolvency dealsPrimark is pushing for rent cuts in a bid to bring its costs in line with high street rivals that have used insolvency proceedings to slash payments to landlords.The fast-fashion chain is understood to be in discussions with landlords over lower rents on properties where lease contracts are coming up for renewal. What's the problem? Related: High street landlords hold a weak hand at the
  
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• Primark seeks steep rent cuts from landlords

  28-07-2019 15:51
  Budget retailer offers extended leases in exchange for cuts as large as 30%
  
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• Mnuchin is wrong: Amazon has done more good than bad for small business | Gene Marks

  28-07-2019 12:00
  The treasury secretary said Amazon ‘destroyed the retail industry’ – but the company created opportunities for more than 1.9m small businesses around the worldTake a walk today down New York City’s Seventh Avenue – or any Main Street in small-town America – and you’ll see that things look a lot different than they did 40 or even 20 years ago.Back then there were lots of retail stores selling shoes, clothes, sporting equipment and books. Today … no
  
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