Retail Rents Rise Make the Footwear Companies in Trouble

With the rising retail rents, "very large" number of large UK retailer, including footwear companies in trouble.
The leadership of the external affairs of an organization called the Company, Watch Nick Hood, said: "The industry is coming out from the transaction bleak Christmas and New Year trade shrinking season during this period, despite that substantial discount promotions, still many famous company claims that the decline in revenue in order to maintain market share while struggling to fighting ended in defeat, but profits dropped, in most cases, this failure to improve the retailer's financial position is not much. "
He said the last few months, the retailer's bankruptcy rate has been "high" since the beginning of December 2011, 11 national chain stores to the verge of some form of bankruptcy, a threat to the more than 1,500 stores, affecting nearly 23,000 retail jobs. 11 chains, of which two are the footwear company Barratts Priceless and Shoon chain.
It's written by GoodLandShoes date 3.30.2012