Mall retailers feeling the heat as rents rise and sales slow

27.07.2012                      08.Aw. 5772

Wirtschaft:

Mall retailers feeling the heat as rents rise and sales slow

A slowing economy and heightened competition have reduced retailers' turnover, but many mall managers refuse to hear about reducing their rent.

Rents for retailers in some of the country's malls have become "unsufferable", says a senior executive at one of Israel's leading fashion chains….