Showing posts with label landlords. Show all posts
Showing posts with label landlords. Show all posts

Sunday, January 24

Landlord set to close a Cosham shop


I have posted about this issue in the past, specifically about Waterlooville. In Cosham a clothing shop called Select is due to close down because the land lord want them out because the Costa coffee chain want the spot.

Often the problem regarding local small retailers closing is because land lords are chasing the money and bigger profits. Often a land lord will even chuck a business out of a property, just so that they can get the property back on the market again if they think they can get a better deal.

Large retailers and stores have more money and capital available to them, many own their properties or can afford to pay higher prices for a prime location, pushing out smaller local businesses. Although Select appears to be a small chain of stores as well, it is clear that a smaller local business would have even less of a chance to keep a property, when up against a big corporate.