simon: The founder and owner of Monsoon Accessorize would like his landlords to take rent cuts on 135 stores, according to The Guardian. From Simon's point of view, there's no harm in having a go. Nor, it seems, can Peter Simon, a half-billionaire whose preferred luxury is expensive art. Nobody doubts that fundamental changes have taken place in the retail sector, as the company puts it, and the tune seems to be a winner. In terms of habits, shoppers are switching to buying online. Green got his restructuring of Arcadia over the line, albeit at the second attempt, so why shouldn't Simon expect similar leniency Quick guide Why are UK high street retailers in trouble Show Hide What's the problem Physical retailers have been hit by a combination of changing habits, unseasonably warm weather, rising costs and broader economic problems. 2018 saw the disappearance of Toys R Us, Maplin and Poundworld as a result.
(news.financializer.com). As
reported in the news.
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