Where did fashion retailer Bank bank on it?
The FIRST retailer administration of 2015 has arrived with Bank the fashion retailer. Over 80 stores but 70% are in shopping centres and not on the High Street. Is it as a result of a very crowded market, poor offering or POOR LOCATIONS? The LDC/Morgan Stanley Health Index shows that of its shop locations 25% are in WEAKENING locations with only 6% in Strengthening locations. Also of not is that 25% of shops are in the North West which has seen the sharpest impact of vacancy rates and the persistence of vacancy.
Analysis of other retailers on LDC’s Insight platform shows that others are not too dissimilar – the big question is do you know who and are they in your town or shopping centre? Which landlords will be most impacted?