New mosaic stores owner Aurora; is said to be in talks with certain retail Landlords of its 900 UK store outlets about paying rent on a monthly basis at prices equivalent to 10 percent of the stores turnover.
Trading in some of their stores has definitely taken a turn for the worse as there are talks that the Hampstead branch of Karen Millen will be closing down business to the public. The recession is definitely biting! I hope there are still shops left at this rate.
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I just feel bad for those whose jobs wud be lost..
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