{"id":484674,"date":"2018-06-08T09:36:22","date_gmt":"2018-06-08T13:36:22","guid":{"rendered":"http:\/\/spaceweekly.com\/?guid=cdf729c1796773d45c95421eaf98dc3c"},"modified":"2018-06-08T09:36:22","modified_gmt":"2018-06-08T13:36:22","slug":"how-high-streets-and-shopping-malls-face-a-domino-effect-from-major-store-closures","status":"publish","type":"post","link":"https:\/\/spaceweekly.com\/?p=484674","title":{"rendered":"How high streets and shopping malls face a &#8216;domino effect&#8217; from major store closures"},"content":{"rendered":"<p>Traditional retail is in the centre of a storm \u2013 and British department store chain House of Fraser is the latest to succumb to the tempest. The company plans to close 31 of its 59 shops \u2013 including its flagship store in Oxford Street, London \u2013 by the beginning of 2019. The closures come as part of a company voluntary arrangement, which is an insolvency deal designed to keep the chain running while it renegotiates terms with landlords. The deal will be voted on by creditors within the month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traditional retail is in the centre of a storm &ndash; and British department store chain House of Fraser is the latest to succumb to the tempest. The company plans to close 31 of its 59 shops &ndash; including its flagship store in Oxford Street, London &ndash; by the beginning of 2019. The closures come as part of a company voluntary arrangement, which is an insolvency deal designed to keep the chain running while it renegotiates terms with landlords. The deal will be voted on by creditors within the month.<\/p>\n","protected":false},"author":0,"featured_media":615444,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-484674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/484674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=484674"}],"version-history":[{"count":1,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/484674\/revisions"}],"predecessor-version":[{"id":484675,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/484674\/revisions\/484675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/media\/615444"}],"wp:attachment":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=484674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=484674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=484674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}