Yesterday's 50% surge in Jessops' share price following their announcement that they can meet their next rent payments gives some indication of how close to the edge some retailers have been driven by the recession.
Obviously, whilst their share price is now 3p, with a long way to go, and most UK retailers are obliged to pay rent quarterly in advance, 3 months rent represents a significant slice from cashflow in anyone's business.
Hence the reason many suppliers have become extra-sensitive to 'Quarter Days' impact upon their customers.
Given that yesterday (25th March) was Quarter Day, perhaps it might be worth taking a look at our short video A Customer ‘Going Bust’ …spotting the signs, passing on the link, and conducting a few 'what-ifs', fast?
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