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Old Posted Sep 20, 2021, 2:57 PM
Taeolas Taeolas is offline
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Join Date: Oct 2009
Location: Fredericton
Posts: 3,977
A friend of mine on FB pointed out that it is probably a negotiation tactic. Primaris may be seeking a rent increase that TRU feels is too much. So TRU's shutting down for a day or two to try and scare Primaris into accepting a lesser increase, out of fear of having yet another huge chunk of the mall empty through Christmas. Primaris may similarly be giving the "You didn't pay, get out by the 29th" letter to try and scare TRU into accepting the proposed increase as is, so they don't miss the Christmas season in a CMA market.

And Jeff pointed out on one of the FB groups that TRU recently purchased by the Sunrise group. So it could also be a case of the store getting lost in the shuffle as the ownership changes and the reorg that comes from that.

Hopefully this gets cleared up within the next day or two. It certainly didn't feel like TRU was on the ropes up here, nor that this store was/is in any particular trouble.
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