Originally Posted by
percy
I am sorry to say I do not think "talking to landlords" will be constructive,particularly when taking of store closures.Staff have never been "over paid",so little, or no savings there,as each store already has few staff..A good number of years ago I did suggest they put in cafes in their larger stores,but that idea was dismissed.I also felt they should have "franchised" their operations ie like Harvey Norman,but that also was very much against directors/management's vision.
Landlords only focus their attention talking to receivers or liquidators.
In my opinion the business model is past its best by date.
Going forward their finance company does not have a future,as they have relied on Smiths retail for clients.
There was an old saying in retail "your business is only as good as your lease".
I doubt there are few retailers today with good leases.