Quote:
Originally Posted by youngregina
Along with Eddie Bauer, Volcom is closing - citing lease rates as well as low traffic. I talked to the store manager there, and she said that a few other stores in the mall are set to wrap-up operations if lease negotiations don’t go as planned. West 49 and H&M are looking to close if Cornwall won’t lower their leases. HBC is planning to close underperforming stores across Canada, with Regina’s location on the chopping block.
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That is not how it works. H & M would have signed at least a 10 year lease. They can't just walk from it. Cornwall spent a fortune on their renos.