you're reading...
travel agent

Thomas Cook shop closures on the cards?

Thomas Cook are they looking to close more hight st stores, to reduces their massive overheads.

Thomas Cook is reported to have started a wholesale review of ‘several hundred’ shop leases as part of its ongoing efforts to cut costs.

Cooks is understood to be using a company called Rent Reform which specialises in renegotiating rents for retailers.

Rent Reform has achieved significant reductions in rental costs of up to 60% for companies including Subway, the report claims.

David Abrahamson of Rent Reform said: “Just 10% is no good, it’s got to be substantial to make it work.

“We’ve been delighted with the reaction of the majority of landlords who understand this is a short-term, sensible measure to save stores and jobs.”

A Cook spokesman said the move was designed to bring rents agreed five or six years ago in line with current levels.

And he added: “We want to ensure our retail business is operating as efficiently as possible.

“We’re committed to the high street and with a realistic review of market rental rates, we will ensure that we remain the country’s largest high street travel agent.”



No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

On the beach holidays review

Beware of, OTBEACH or ON THE BEACH Holidays plus otbeach.co.uk and finally OntheBeach.co.uk -

On the beach complaints and reviewsOn the Beach Otbeach warning.

Or check out - On the beach holidays, ot beach, I book holidays a con site?

otbeach on the beach holidays The bulk of the "On the beach complaints" concern - Persistent call backs after you think you have booked online to ask for more, huge extra cost surcharges. Extremely poor customer service .

According to ABTA they trade as: On the Beach, I book holidays, Otbeach so be careful.

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: