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Old 27-06-2020, 08:16 AM #18
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Quote:
Originally Posted by Toy Soldier View Post
Yep if the company is dismantled the physical centres will fall into the ownerships of the banks they're indebted to, who will most likely sell them on to someone else at a rock-bottom price. Prepare for "Amazon Supercentres!!" or something




That's true and during lockdown, landlords have a bit of a tough call to make with retailers who can't pay rent. They obviously have the right to kick them out... but chances are they wouldn't be able to fill those units for months (sometimes years) so the only really sensible choice is to suck up the loss and let the store resume rent payments post-lockdown.

...it’s whether they will be able to or want to resume the rent payments as well, there is so much still to be determined...whether this has shocked a new face to online buying, which previously would have been more gradual..?..we already were seeing the gradual rise of empty/vacated shop premises and actual retail outlets diminishing...but this forced online way, even for those who have been experiencing it for the first time...has kind of accelerated things, I would have thought...
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