Republic, the young fashion retailer chaired by former Asda chief executive Andy Bond, is looking to switch to monthly rental payments as it vies to control its cashflow.
Republic in understood to be in talks with its landlords to alter its rental terms, according to Sky News.
The retailer is not alone in seeking monthly rents. Last March the Property Managers Association issued an open letter to landlords demanding to pay rent on a monthly basis with signatories including Schuh, Monsoon, B&Q, River Island and Next.
Republic, which has around 120 stores, has scaled back its store expansion ambitions but is investing in its growing online business.
The retailer’s owner, US private equity giant TPG, has ploughed new capital into the business at least twice since it acquired the business in April 2010 in a deal valued at £300m.
Approximately £20m is understood to have been put in during 2012. The retailer is thought not to be in any danger of collapsing.
Last year Republic hired former TK Maxx boss Paul Sweetenham who has focused on building its online sales.
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