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Tag: landlords

Nordstrom tells landlords to expect just half their rent until January 2021

Dive Brief: Nordstrom June 3 notified landlords of its full-line and off-price Rack stores that it will pay only half the occupancy costs for the remainder of the year, according to a letter from President of Stores Jamie Nordstrom to property owners, which was obtained by Retail Dive. A Nordstrom spokesperson didn’t immediately respond to …

Nordstrom tells landlords to expect just half their rent until January 2021Read More

Commercial landlords squeezed as retailers in UK struggle with rent | Business

Hammerson and British Land collected only a fraction of their rents due last month as retailers struggled despite the easing of the coronavirus lockdown in the UK. Hammerson, the landlord which owns the Bullring, in Birmingham, and the Brent Cross shopping centre, north London, said it had collected just 16% of rent due in May …

Commercial landlords squeezed as retailers in UK struggle with rent | BusinessRead More

JD Sports stops paying rent to landlords | Business

JD Sports has become the latest store chain to stop paying rent to its landlords as the high street lockdown has a devastating impact on fashion retailers. JD confirmed that it had not paid the quarterly rent for its 390 UK stores which was due last week. The retailer is understood to be in discussions …

JD Sports stops paying rent to landlords | BusinessRead More

John Lewis to withhold 20% of service fees to some landlords | Business

John Lewis is threatening to withhold up to 20% of the service charges it owes to some of its shopping centre landlords, in protest at “unacceptable” increases in annual service charges over the last few years. Service charge payments cover non-rent items, such as heating, security, maintenance, marketing and staffing. John Lewis, which has about …

John Lewis to withhold 20% of service fees to some landlords | BusinessRead More