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Retailers vs landlords. It's war

by Kate Pritchard - Monday, 15th September 2008 -

Retailers vs landlords. It's war

The dispute between British retailers and their landlords over rent is hotting up, with the likes of Topshop’s Sir Philip Green and Carphone Warehouse’s Charles Dunstone refusing to write cheques to cover the next quarter.

The ruckus started back in July, with the biggest names in retail campaigning to change the way they pay rent. Given the challenging economic climate, they want to pay their rent a month in advance – rather than quarterly – over the next two years to ease the impact on their cash flow.

A meeting between the two sides is planned for this week – although landlords have so far refused to budge.

Sir Philip Green, whose flagship store is based slap bang in the middle of Oxford Street, should be careful not to infuriate his landlord. After all, he’s got one of the top spots in the country.

According to tracker firm Springboard, shopper football in the West End (Oxford Street, Regent Street and Bond Street) increased by 2.5 per cent in August, compared with a decrease of 8.5 per cent nationally.

Related articles:
High-street retailers rebel against rent

BUSINESS NEWS >>

Dragon Peter Jones says, "Clone me!"

By Rebecca Burn-Callander - July 03, 2009 11:28am GMT

Real Business spent an eventful cab ride with Dragons' Den's tallest investor earlier this week. Here's what he had to say about the recession, James Caan, his search for Peter Jones lookalikes and, most importantly, the next series of Dragons' Den.

Businesses to run in a recession: part three

By Rebecca Burn-Callander - July 02, 2009 4:43pm GMT

Even in a recession, a good entrepreneur is always on the look-out for the next hot spot. Don’t wait around for the upturn. These are the businesses you want to be in now.

Access takes another step towards sales target

By Catherine Woods - July 02, 2009 4:33pm GMT

Access founder Alistair O’Reilly has embarked on a “brand elevation” exercise as he aims to grow turnover at his consulting and software company to £100m.

Tech entrepreneur: "The banks won't lend you an umbrella when it rains"

By Rebecca Burn-Callander - July 02, 2009 4:22pm GMT

At a roundtable hosted by Dell this morning, Real Business heard three technology entrepreneurs talk about the challenges of growing a business during the recession. People aren't the problem, they say. It's the mindset of banks and other financial institutions that needs to change if we're to come out of recession.

Government fund provides a "timely injection of capital"

By Catherine Woods - July 02, 2009 4:06pm GMT

Octopus Ventures, which invests in entrepreneurial businesses, has welcomed the governments’ proposed £1bn innovation fund, saying it will support entrepreneurialism.

Brochures on Saving and investing

BUSINESS COMMENT >>

The first Apprentice wedding!

By Catherine Woods - July 03, 2009 2:35pm GMT

Well, well, well, look who’s engaged.

Sir Alan Sugar: "You're hired!"

By Rebecca Burn-Callander - July 01, 2009 1:12pm GMT

Great piece by The Telegraph's Richard Tyler today about the confirmed appointment of Sir Alan Sugar to the post of enterprise tsar. "A tentative date of July 20th has been pencilled in for his hairiness to don the rabbit fur," he says.

Pre-stained underwear: the next big thing?

By Rebecca Burn-Callander - June 22, 2009 2:54pm GMT

That's right. "Pre-stained". Suspend your disbelief for a moment. Canadian entrepreneur Philip Watson founded Easy Tiger Corp to peddle underwear that has been - ahem - ready-soiled, shall we say. And he reckons these nasty knickers will be a surefire hit with "the dudes".

It can only be... the Friday Funnies

By Rebecca Burn-Callander - June 12, 2009 12:16pm GMT

As swine flu hits the headlines for the second time, the swine flu jokes are just pouring in! Laugh till you oink, readers.

Jokes. Jokes. Jokes.

By Rebecca Burn-Callander - June 05, 2009 12:14pm GMT

Further to popular demand, this week we're devoting a whole section of our jokes blog to our hapless prime minister, Gordon Brown.

Business Comment 

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