Retailers Ask Landlords To Slash Rents
"); jQuery("#212 h3").html("
"); });
2019-08-22 HKT 21:35
Share this story
Retailers have called on landlords to cut shop rent by half for six months to ride out the ongoing turmoil "together".
In a letter addressed to all shop owners, the Retail Management Association said business started going downhill in June and sales have now suffered double digit drop.
It said most retailers saw sales plummet more than 50 percent from the beginning of this month.
The association warned that some shops may have to cut staff or even shut down.
It called on the government to help the trade with specific measures such as financial subsidy and rates waiver.
IFi IDSD GR 2 Review: A DAC/Amp That Rewards Experimentation
The iFi iDSD GR 2 delivers a warm, full-bodied sound with XBass, K2HD, multiple filters and plenty of power. Here's how ... Read more
Opposition Leader Machado Has Returned To Venezuela. Her Return Could Destabilize U.S.-Venezuela Relations.
Machado, who won the Nobel Peace Prize last year, returned after months in exile. She is seen by many as the natural lea... Read more
Republican Senate Candidate Accuses Opponent Of Links To Muslim Brotherhood And Attacks Press In Fiery Interview
Mike Rogers claimed in a heated interview on Sunday with NBC's Kristen Welker that El-Sayed had refused to disavow the M... Read more
Serbians Head To Polls To Determine The Political Future Of Longstanding Leader Aleksandar Vučić
Former Serbian President Vučić is running for prime minister in Sunday's parliamentary elections. His main challengers... Read more
Brazilians Vote In Crucial Runoff Election Between Lula And Bolsonaro In Key Test For 'Donroe Doctrine'
Bolsonaro remains the narrow favorite to win after beating Lula in the first round, but the result is likely to be close... Read more
Presidents Obama And Trump Held Competing Midterm Rallies On The Same Day. They Clashed On Iran.
President Trump held a rally in Georgia on Saturday in which he claimed events in the Middle East were enriching the U.S... Read more