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Retailers Face 'quarter Day' Rental Payments.

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http://www.independent.co.uk/news/business/news/retailers-face-quarter-day-rental-payments-2362210.html

Nerves surrounding the beleaguered retail sector will intensify this week as firms prepare to meet "quarter day" rental payments.

Tomorrow will see many retailers pay three months rent in advance to landlords, heaping further pressure on businesses already under the cosh as they put on special offers to attract economising shoppers.

The period surrounding the last quarter day payments deadline in June saw several retailers forced into administration, including fashion chain Jane Norman, department store chain TJ Hughes and homewares specialist Habitat.

The sector is expected to avoid the same level of bloodshed this time, even though there has been no let-up on the pressure on the high street.

It is understood that banks may be lenient towards struggling companies by extending them more credit so they can carry on trading over the key Christmas season, known as the "golden quarter" for retailers.

Excellent the banks gambling on them getting the sales in over Christmas.

Luckily no one is expected to go bust then over the next couple of weeks.

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http://www.independent.co.uk/news/business/news/rent-day-nerves-jangle-as-trade-in-high-street-hits-a-16month-low-2361948.html

Retailers face a bruising start to the crucial final quarter of the year after the first half of September ushered in the worst trading on the high street for 16 months, according to an influential survey yesterday.

Ahead of the fourth quarter rent day tomorrow, the only ray of hope for embattled chains was that the pace of decline in sales volumes "stabilised" between 25 August and 14 September, according to the CBI Distributive Trades Survey.

While many large retailers, including Next, Debenhams and JD Sports Fashion, are continuing to grow profits, further evidence of the squeeze on consumer spending emerged yesterday.

Game Group, the computer games retailer, posted a painful £51.5m half-year loss. Meanwhile, Topps Tiles, the home improvement specialist, forecast its underlying sales would be down by 1.9 per cent over the year to 1 October, although the City expects profits of up to £13.4m. The CBI did little to lift the gloom when it said 39 per cent of retailers suffered a fall in sales volumes in the first half of September, while only 24 per cent posted a rise. The net balance of a negative 15 per cent was the worst performance since May 2010.

And we had this great news yesterday, still Christmas sales will give everyone a lift spending money on gifts you can't afford to give to people who really don't need them and everyone competing not to be a Scrooge.

Scrooge.jpg

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http://www.independent.co.uk/news/business/news/retailers-face-quarter-day-rental-payments-2362210.html

Excellent the banks gambling on them getting the sales in over Christmas.

Luckily no one is expected to go bust then over the next couple of weeks.

I suspect the real decision for most will come straight after Xmas when those that can't pay the rent won't pay and will have good sales and close up (not having paid the rent for the 3 months since Dec qtr day)

It is not only recession, it is the galloping increase in online sales causing our shopping streets to probably change forever.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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