Posts Tagged ‘christmas shopping’

Yet more administrations on the high street

Friday, December 9th, 2011

Experts are predicting that there could be a record number of retail insolvencies this Christmas given the difficult trading conditions. The latest retailer to succumb is Barratts.

Without doubt, there needs to be some give and take. Landlords may want to offer extra concessions to try and keep their retail tenants in business, especially if the premises are likely to be left vacant as landlords may become liable for ongoing costs and, in particular, business rates (this issue being mentioned in previous opinions).

Effective communication is going to be the key to ensure that the high street gets through this difficult time and the retail tenants needs to be honest with landlords if they want to strike a deal in order to survive.

Kirsty Black

Kirsty Black
0121 237 3958
kblack@brownejacobson.com

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Retailers box clever

Thursday, December 8th, 2011

Boxpark in Shoreditch opened this weekend as the world’s first pop-up mall! The mall consists of over 60 shipping containers and is located on a site which is to be redeveloped in five years time.

Pop-up shops are obviously now a common sight during the busy christmas shopping season as retailers take the opportunity to open small units, often for terms of around three months or less.

Attractive rents are available to tenants due to the number of empty units and new technology has made the set-up of temporary till systems easier. Pop-up shops can also be an appealing proposition for landlords too because a fresh period of business rates relief can become available after the temporary letting ends.

In our view, pop-up shops may also encourage longer-term lettings if they generate footfall and add to a vibrant shopping experience in what would otherwise be a quieter corner of a shopping centre or high street. Let’s face it – every little helps in this market!

Mark Hymers

Mark Hymers
0115 976 6081
mhymers@brownejacobson.com

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Have a REAL Merry Christmas – Who wants a FAKE Christmas Present!!!

Thursday, December 17th, 2009

As we all run into the last week of the Christmas shopping frenzy and the inevitable sales, the combination of a climate where money is tight and the desire for a bargain could mean some of us end up paying a high price for fakes. The criminal underworld gear up for this period and millions of poor quality counterfeits will be hitting the UK market stalls and car boot sales.

Warnings from the UK IPO indicate that we all should be particularly aware of the following types of goods which may have all the external appearance of the genuine article:

  • mobile phones, and their accessories
  • ghd hair straighteners – can be electrically unsafe and potentially life-threatening
  • Nintendo DS Lite consoles – the charger could be dangerous
  • video games – often contain viruses
  • children’s toys and action figures, which may have loose parts or contain toxic materials
  • perfumes, cosmetics and personal care items
  • alcoholic drinks – high levels of methanol can be lethal
  • Christmas lights and batteries

A new campaign – www.realdealmarkets.co.uk- which is supported by the Trading Standards Institute, has been developed to help consumers choose markets and stalls that have been vetted by trading standards. The question is why – is the consumer really that naïve? It is not only the counterfeiters that should bear the blame for this burgeoning criminal industry, the average consumer knows that when he or she is getting a bargain that’s too good to be true then it probably is too good to be true. While consumers obviously need protection they also need to take more personal responsibility for contributing to one of the UK’s growing criminal industries, including restrictions on any remedies available to them.

Declan Cushley

Posted by Declan Cushley
0121 237 3991
dcushley@brownejacobson.com

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