By Richard Williams2018-09-28T00:00:00
Retailer cuts rent by 28% on 33 stores and looks to renegotiate on or close 25 more.
Announcing a robust set of half-year results showing a 3.8% rise in total group sales to £1.98bn, the retailer said it had negotiated or was currently negotiating rent reductions on 33 store that had reached the end of their leases this year and was likely to reduce its rent roll on the stores from £10m to £7.2m a year.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.