Premier Retail to exit four stores in tough stance with landlords

and which do not reflect the market, particularly in those centres where customer foot traffic has been decimated by the pandemic,” Mr Murray said.which took legal action last year against Premier over unpaid rent. Premier’s business unit Just Group filed a cross-claim.

He said the landlord was the first to be “kicked in the guts” when a store performed poorly even if that may be due to it simply going out of fashion, doing more sales online, or not being able to find staff.“Most retailers won’t blame themselves if they are not doing enough in turnover. It’s always the landlords’ fault,” Mr Ebert said.

Premier expects earnings before interest and tax for the 26-week period between $209.5 million - $211.5 million. This would represent a rise of 4.2 per cent to 5.3 per cent on the year-earlier period. Premier said the Smiggle business had rebounded globally as restrictions had eased. The Peter Alexander sleepwear business had also been making strong gains, while the Portmans fashion chain had also been delivering solid results.

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