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Physical retail spaces are not just 'shops' anymore; barely 46% of consumers felt stores were useful for comparing products. Instead, browsing in a physical store is just one part of an overall consumer experience. To drive footfall, retailers should embrace technology and digitise their stores to make this experience as efficient and fun as possible.
It could be as simple as implementing instore Wi-Fi or as bold as investing in the 'gamification' of physical retail spaces, such as interactive shop front windows or virtual reality shopping aides. Amazon is setting the pace with Amazon Go, a checkout-free grocery store.
Whether it’s technology to make the retail experience 'frictionless' or simply to make shopping more fun, retailers should continue to embrace new technologies to reinvent their physical spaces.
The Government appears set to announce plans on ‘living with Covid to restore freedom’. With the success of the retail and hospitality sector key to recovery, what protections will be on offer to tenants to deal with Covid-19 rent arrears?
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Break rights have proved a fertile source of litigation over the last few years. More often than not, tenants have found themselves on the wrong end of the decisions. However, a Court of Appeal decision yesterday has bucked that trend.
One of the requirements for tenants to contract out of the security of tenure regime contained in the Landlord and Tenant Act 1954 is that they make a simple or statutory declaration before entering into the lease.
Landlords should reconsider summary judgment if a Part 26A restructuring plan is pending.
Partner and Head of Real Estate
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