A big week in the retail sector, dominated by large high street brands making big decisions about store portfolio sizes.

These were my selection of headlines of the ups and downs in the retail sector this week:

  • £500m wiped off Boohoo Group PLC market value following damning report.
  • Little Mistress Group seeking 15 stores for immediate opening.
  • Capital & Regional collect 34% of rent after significant increase in trading.
  • Primark still determined to stay physical, saying that they will not develop a digital ecommerce channel.
  • 1000 high street jobs at risk as Pret A Manger shuts down 30 stores.
  • JD Sports seeks "rental realism" as covid19 impacts footfall.
  • Halfords cycling sales surge as Brits avoid public transport.
  • Creditors green light AllSaints' CVA proposal.
  • Soletrader to permanently shut 8 UK stores.
  • River Island to make 250 head office job redundancies.
  • John Lewis Partnership tops customer satisfaction index as Debenhams tumbles.
  • Next and ASOS drop Boohoo from websites after slavery claims.
  • Frasers Group to withhold rents until trading reaches a level of normality.
  • 1300 jobs at risk as John Lewis shuts 8 stores but reopens another 9.
  • Boots UK to cut more than 4000 jobs.


Key themes of the week: jobs, footfall, rents, stores

Key article of the week: https://www.retailgazette.co.uk/blog/2020/07/retail-footfall-plunges-62-in-june-as-brits-remain-cautious/

Key question of the week: If footfall is reaching it's new normal, what is the impact on the landlord rental model?

There has been a great deal of discussion about the landlord tenant relationshiop, but not much evidence to suggest that anyone is making significant headway.  It seems to be a game of chess which is currently paused at stalemate.

Is the future flexible?

Commercial Development

BINKS RETAIL UPDATE - W/C 2nd August 2021

Commercial Development

BINKS RETAIL UPDATE - W/C 26th July 2021

Commercial Development

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