Verdict has forecast consolidation in the retail sector on a scale never before seen in the UK because of punishing rents.
The research companys forecasts follows a survey which showed that West End of London rents had risen by 25% over the past four months.
Verdict estimates rents over the past five years have risen 29% against a 25% rise in retail sales. The current round of rate reviews could see bills rise by up to 50%.
The Times 06/11/00 page 23
The Guardian 06/11/00 page 22
