Covid-19 has amplified retailers' woes. Topshop owner Arcadia, for instance, was already dealing with the shift to online shopping and debt-laden balance sheets.
ASKING for a rent cut when cash flow is tight can be an awkward conversation. Not so in Europe, where retailers are increasingly asking landlords for reductions so they can cope with the fallout from the novel coronavirus.
Weaker chains have formed for such demands, but behind the scenes...