September Rent Day Looms. . .

Posted At: 28 September 2011 12:16 PM
Related Categories: Administrations, Retailers

As the quarter rent day approaches on Thursday, SnapShop asks just how many retailers are going to hit the buffers this time? The March and June quarter days have already contributed to the collapse of high-profile retailers including Habitat, TJ Hughes, Jane Norman and HomeForm Group.
With sluggish high street sales, clothing sales volumes dropping, supermarkets raging an all-out price war to attract customers and consumers’ level of discretionary spending falling, coupled with a climb in the rate of inflation, there is a high chance that this day could trip a raft of retailers into financial collapse.
And it's not just the big retailers with multiple stores spread around the country that need to worry – the first victim of the quarter rent day is Hub, launched only last year by Poundworld co-founder Dave Dodd, which only had three stores on its collapse.
SnapShop is a useful tool for looking at the financial health of retailers, so keep a close eye here for all the latest news of retail administrations (and other news that’s not so gloomy) around this very important (and scary if you are a retailer) date.
 

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