Retail Gazette: Hammerson says retail polarisation continues (there is a squeezed middle), but the Frogs are doing worse

Link to Retail Gazette

"Retail footfall and sales down for Hammerson"

"Shopping centre and commercial property owner Hammerson has seen overall occupancy across its portfolio stabilise over the last quarter, with a slight rise in retail vacancies, according to results issued today.

"David Atkins, CEO of Hammerson, said:

“Over the period, the economic environment has weakened and consumer confidence has fallen in both the UK and France. Nevertheless, we continue to deliver on our strategic objectives of maximising income growth, and creating value from our high-quality portfolio, whilst reducing costs and retaining financial flexibility.”