Profits down, rents up
Retailers remain highly vulnerable to increases in rents, with many arguing that the arbitration process to sort these out is biased in favour of landlords
Over the last three years, shoppers have become less inclined to part with their cash, so it may seem strange to hear about rent increases for retail tenants around the country, with the latest hikes coming for stores in Dundrum Town Centre.
Oasis and Coast, run by Ian Galvin’ s Aurora Fashion group, were both hit with rent hikes of more than 50 per cent this month.
The stores will have to pay an additional...
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