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Store Closures On The Cards In Clintons Landlord Talks

Britain’s second-largest independent greeting cards chain is preparing to join the army of retailers which have taken a contentious CVA route to slashing rents and closing shops.

Read the full article on the Sky News website

NAM Implications:
  • Given the growing resistance to CVAs by landlords…
  • …best budget for a 50% reduction (disposals) in store numbers.
  • i.e. much less will not solve any problems…
  • …but may convince landlords that Clintons are serious…