Yet more positive news on commercial landlord rent collection and UK retail performance. Hammerson, the owner/operator of the Bullring & Grand Central in Birmingham, said footfall trends “remain encouraging”.
Tory Burch swung to a loss in the UK and Germany in its most recent financial year, and while that year didn't include the pandemic, it said Covid has had an impact and it's impossible to predict this year's outcome.
Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%.
Value Retail's boss says axing VAT reclaim is wrong and that there's no appetite for the alternative ship-to-home option. Meanwhile, another commentator has accused the government of a misleading consultation process.