Monday, 26 January 2009

One to go at Westwood Cross ?

With Barretts shoe shops in administration, it looks like we will see the closure of their Westwood Cross shop.

I know that there has been a lot of concern over shops closing in the towns recently and I wonder how Westwood cross will fare in what looks like being an 18 month long recession.

I am wondering with there being so much spare retail capacity in Thanet, how the cards are going to fall on this one. Particularly I think how much of the out of town shopping expansion was reliant on credit will be a big factor.

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