WHSmith calls for rent payment shake-up for high street stores
WHSmith has called for landlords to review its high street rental agreements following tough trading conditions.
The stationery chain is reportedly asking landlords to switch from receiving rent payments in advance to receiving them in arrears, according to The Sunday Times.
WHSmith already pays rent in arrears on several of its high streets stores and secured an average rent cut of 35% on leases renewed last year according to the report.
However, due to ongoing tough trading conditions on the high street, the retailer is asking landlords for the switch-up in rent payments to help ease cashflow.
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