By Ross Findon
Wednesday, June 25, 2014
TWO high street chain shops are to shut in Newport.
Jane Norman went into administration this week and the company has said its South Street branch will close this summer.
Ann Summers is also set to close, when the lease on the St James Street store lease expires next month.
For more on this story, please see the Isle of Wight County Press on Friday, June 27.
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by Peter Jeffery
27th June 2014, at 11:44:47
s p tI thought you had moved to Spain !
by alan naylor
27th June 2014, at 00:33:34
Shops closing on the island in the middle of the summer things must be bad on the island mind you Portsmouth and Southamton are only across the water there right??
by Baz Taylor
26th June 2014, at 23:40:06
Build the bridge! That would bring in business!
by steve paul taylor
26th June 2014, at 18:52:41
And when I look around the place is decrepit lick it need knocking down and rebuilding properly and not lick some sixties look ****.
26th June 2014, at 18:50:49
Not surprised I walk down the high street out of duress not enjoyment . I couldn't breath the other day for car and bus fumes !! this doesn't happen in any other place on earth. = now
by david wright
26th June 2014, at 13:02:24
Steve Smith, Fair comment central government set the rate levels but Councils administer them and I dont see many councilors campaigning for a reduction? My comment was based on the simple fact taxes and rent are killing the high street no matter who sets the rate!!. Specsavers premises is currently available for a ANNUAL rent of £47,500 and rates of approximately £25,000. making £72,000 a year and people wonder why shops are closing! Do landlords seriously believe businesses can make enough money to pay that level of rent?
by Steve Smith
26th June 2014, at 12:22:20
David, why do you think the council have any say in the rates that shops pay? If you want to blame somebody, blame the Government. They set the rates.
by Iain McKie
26th June 2014, at 12:19:28
Research produced last year by Andrew Perloff of Panther Securities estimated that 150,000 jobs on the High St could be created by abolishing Business Rates. It is a tax on potential. It prevents investment and employment, and if the shops are successful the funding shortfall will be collected via PAYE, Corporation Tax and VAT over the till. I have been campaigning on this issue for the last ten months.
by Tony Tiltman Jnr
26th June 2014, at 11:45:28
It wont be long before the bus station site becomes a demolished heap of rubble for the 2nd time in its history.
by James McAdder
26th June 2014, at 11:22:06
Excellent!!Space for two more coffee shops!!!!
Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.
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