Billionaire Solomon Lew's Premier Investments may delay the reopening of its stores by as much as two-and-a-half weeks despitePremier, which owns brands like Smiggle, Just Jeans and Peter Alexander, shut its 900 Australian stores on March 26, standing down 9000 staff globally and sending its executive team home to work without pay.
A Premier spokeswoman neither confirmed nor denied the May 11 reopening date and pointed to the company's March announcement where it promised to update investors on store openings by April 21. Accent boss Daniel Agostinelli said his company has already reopened a handful of stores as a trial but plans to open more "only when it is safe to do so".Premier has been at the forefront of retail's fight with landlords throughout the coronavirus closures, stating in March it would not be paying rent on its stores during the shutdown.
"I would think most landlords can provide rent relief and comfortably cover or defer their interest payments this year while sales recover, but their valuations will take a severe hit if they don’t support retailers and are left with a significant number of vacancies."
domp Giddy Gladys is out of her depth!
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Man in his 80s becomes Victoria's 15th COVID-19 deathPremier Daniel Andrews said the potential of eradicating COVID-19 could be 'within reach' for Victoria. I think we need to stop telling the age of those dying It’s one of the reasons why young peeps think they can’t be infected & they are the ones where the greatest increase in infections are happening You can't eradicate a disease when the rest of the world has it, that is incredibly naive. We still have 11,000 aussies overseas. False negatives being released from quarantine. The restrictions are to flatten the curve so hospitals are not overwhelmed, which we have done. Did he have suffer any other other illness flu kills 10000s every years what’s the difference?
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