Clintons to close stores and slash rents in survival bid

Clintons

Clintons has been forced to reach out to landlords to seek concessions on store closures and rent cuts, as the greetings card chain becomes the latest high street retailer to suffer.

Chief executive Eddie Shepherd held a town hall meeting with landlords on Friday, where he said Clintons wants to close 66 of its 332 stores and demanded rent cuts for more than 200 others.

Restructuring documents seen by The Sunday Telegraph said a further “90 of the company’s stores are currently loss-making with the business forecasting that sales will continue to decline”.

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