Shopping centre giant Intu feels the pinch
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.It's not just the high street that's feeling the squeeze: Intu, the owner of Lakeside in Essex and Manchester's Trafford Centre, yesterday said fewer customers were coming to its shopping centres as the retail sector remains "difficult".
Intu, which owns or part-owns 15 shopping centres across the country, said footfall was down 1 per cent in the first quarter against the same period last year.
The group, formerly known as Capital Shopping Centres, also signed fewer long-term lettings and said shop failures, lease expiries and a reluctance to open new stores would continue to affect its short-term earnings.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments