80% of retailers are in rent arrears after the pandemic.
That’s according to a survey by Retail Excellence, the largest representative body for the retail industry in Ireland.
In 20% of cases, landlords won’t engage and are demanding full payment of rent due, including for the nine months that stores were closed.
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Respondents said that, of landlords willing to engage, the most common resolution offered is 50% off on periods of closure or deferred payment plans.
The survey looked at responses from 145 retailers, covering 1,650 retail outlets across the country.
