Retail was the darling of the property sector until recently. After the property crash, 2009 came with several prominent retail company voluntary arrangements — JJB Sports, Stylo Shoes, Miss Sixty — but the high street recovered more quickly than other areas of property.
Now the retail sector is struggling for several reasons, such as business rates, multi-channel retailing (otherwise known as the internet), increased costs owing to Brexit and sterling’s low value, the minimum/living wage, changing tastes and too much debt. In recent years there have been more CVAs, such as the arrangement for Arcadia Group.
Retail was the darling of the property sector until recently. After the property crash, 2009 came with several prominent retail company voluntary arrangements — JJB Sports, Stylo Shoes, Miss Sixty — but the high street recovered more quickly than other areas of property.
Now the retail sector is struggling for several reasons, such as business rates, multi-channel retailing (otherwise known as the internet), increased costs owing to Brexit and sterling’s low value, the minimum/living wage, changing tastes and too much debt. In recent years there have been more CVAs, such as the arrangement for Arcadia Group.
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