High St Giant Warns of Further Sales Falls [Scot Region Edition 2]

Daily MailMarch 27, 2009

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Summary


SHOP landlords are being forced to cut the rents they charge to new high street retail tenants, according to Britain's secondlargest clothes retailer.

'The reality is that we are getting much better deals,' said Simon Wolfson, chief executive of Next.

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Extract


High St Giant Warns of Further Sales Falls [Scot Region Edition 2]

On some premises, the company is managing to strike deals where rents are linked to turnover, rather than being fixed.

Wolfson was speaking afte...

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