Drapers investigates: Business rates – make or break for the high street
As the industry awaits preliminary conclusions to the government’s review of business rates in England, Drapers' Reset Fashion Retail campaign shows why the broken system needs fixing now “before it is too late”.
“It has been almost a year since the business rates payment holiday was introduced, but in those 365 or so days nothing has been done to reform the archaic system,” says Derihon Coquard, head of property at Yours Clothing, which has 150 stores across the UK, Ireland and Germany.
“Retailers are still in the dark as to whether the broken system will just keep being extended, or actually reformed – or abolished – altogether.”