» Shop Buyers Continue with Caution as Clinton Cards Face Administration

Shop Buyers Continue with Caution as Clinton Cards Face Administration

Shop buyers are continuing to tread with caution when buying retail property as company failures in the UK continue. The retail industry is waiting to see if another one of its most recognized names, Clintons Cards, is to be placed into administration.

Clinton Cards,  which has 628 Clintons and 139 Birthdays stores in the UK, faces an unknown future as a subsidiary of its largest supplier, American Greetings Corporation, could pull the plug on the struggling high street giant.

If this does happen, and the administrators/new owners (if a buyer can be found) decide to reduce the number of units which Clintons trade from, then our high streets, which many have said could not get any worse, will suffer from increased vacancy rates and falling values.

 

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