×
197
Fashion Jobs
LAIDBACK LONDON
Social Media And E-Commerce Manager
Permanent · HARROW
SHISEIDO
Bareminerals Account Manager - Boots, Hull (30)
Permanent · Kingston upon Hull
NEW BALANCE
Associate Marketing Manager, European Key Accounts
Permanent · Warrington
NEW BALANCE
Associate Trade Marketing Manager, Lifestyle
Permanent · Warrington
ARCADIA GROUP
SEO Executive
Permanent · London
ARCADIA GROUP
HR Manager - Leeds Distribution Centre
Permanent · Leeds
SHISEIDO
Bareminerals Account Manager - Boots Clayton Square (30)
Permanent · Liverpool
SHISEIDO
Bareminerals Account Manager - Debenhams, Trafford (35)
Permanent · Stretford
SHISEIDO
Bareminerals Account Manager - Debenhams, Carlisle (22.5)
Permanent · Carlisle
ARCADIA GROUP
Environments And Release Manager
Permanent · LONDON
ARCADIA GROUP
Operations Engineering Manager - Technology
Permanent · London
SHISEIDO
Bareminerals Account Manager - Debenhams, Colchester (Maternity Cover)
Permanent · Colchester
TOPSHOP TOPMAN
Online Visual Merchandising Manager
Permanent · London
TOPMAN
Buyer (Maternity Cover)
Permanent · London
BURTON
Senior Buyer - Tailoring - Maternity Cover
Permanent · LONDON
TOPSHOP TOPMAN
Senior Marketing Manager
Permanent · London
TJX CORPORATE
Information Technology Graduate (2021)
Permanent · WATFORD
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
PUMA
Performance Marketing
Permanent · Manchester
THE KOOPLES
Full Time Sales Assistant Temporary - London
Fixed-term · LONDON
Published
Nov 20, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Rochdale's Wheatsheaf mall to close for good

Published
Nov 20, 2020

The 30-year-old Wheatsheaf Shopping Centre in Rochdale is set to close forever once the current English lockdown comes to an end, with MCR Property Group drawing a line under its three years operating the mall.


The Wheatsheaf will close after 30 years



Wheatsheaf currently hosts a variety of mass-market-focused retailers including New Look, Peacocks, Select, Beauty Zone and Solo.

The developer has owned the 163,000 sq ft space since 2017 and had planned to target new retail, leisure and commercial tenants to add to the mall’s current offer.

But TheBusinessDesk reported that the change in consumer shopping habits due first to online shopping and latterly due to the pandemic has put paid to that plan. 

It added that footfall to the location has been down an average of 45% since it reopened in June after the spring lockdown. The current lockdown seems to be the last straw.

The shopping centre had lost various major tenants in recent years and given that current tenants New Look and Select are operating under CVAs, while Peacocks is now in administration, the prospects aren’t bright for rent yields.

MCR’s Charles Denby said: “Nationwide we continue to see a large number of retailers experiencing serious trading difficulties, and more are resorting to insolvency procedures to cut their rent bills. This year has been a surreal, once in a generation experience that will not be forgotten.

“When the change in shopping habits collides with reduced income, an excess of space, and cost structures that are simply no longer realistic, landlords have to take action.”

Copyright © 2020 FashionNetwork.com All rights reserved.