Sep 1, 2020

Ann Summers threatens landlords over shop rents

Retailer Ann Summers has warned its stores' landlords they must take "a more pragmatic approach" to negotiations over rents. Chief executive Jacqueline Gold said landlords needed to recognise the retail landscape had changed. Ann Summers benefited from a boom in online orders during lockdown. "All of us retailers acknowledge that the way customers shop isn't going to just go back to how it was before the pandemic," Ms Gold wrote. "My family has ploughed large sums of money into the business to help us address the issues which held us back last year and get Ann Summers back on an even footing, with plans to invest further," Ms Gold wrote.

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