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"It's tough in retail at present. Three major chains have gone under this year already, others are scaling back or curbing expansion plans and the online shadow grows longer.
"[Ex-Hammerson's] Lawrence Hutchings, Capital & Regional PLC’s (LON:CAL) chief executive is undeterred and indeed believes that the current upheaval just underlines the resilience of its portfolio of 'community' shopping centres.
“The headlines are not great, but we need to get the message across that all retail is not bad.” [so Hammerson has over-played its hand at being at the posh end?]
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