Global Luxury Brand to plea landlords for discount & flexibility

in news

When sales fall, traditional and luxury retailers like Hugo Boss, Burberry, Mulberry and Nordstrom are pressing their landlords for flexibility. Burberry, a British luxury firm, partnered with landlords in the Asian shop network on rental relief. In tough market conditions, Hugo Boss seeks ‘selective and temporary’ rental relief and Nordstrom plans to decrease rental payments by early next year....