UK retailers fall in droves but those who remain face less competition
The tenants that remain enjoy a lessening of competition, and they gain some bargaining power over the landlord
13 July 2020 - 15:38
When the strongest players pull back from a market, that looks like a bad omen for the weaker peers left behind. But in UK retail, there are silver linings for the stragglers.
The iconic John Lewis Partnership last week said it would close eight shops including two big department stores, with the loss of up to 1,300 jobs. Walgreens Boots Alliance is cutting 4,000 jobs in its UK Boots business, including in the head office. It will also close 48 optician practices. The group was already shutting 200 Boots stores...
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