RHCP closed because of a disagreement over rent I think. It got very acrimonious and bailiffs came down and stopped the shop owner going into the shop. I believe RHCP have now decided to go online only...
By TimothyL12 at 08:24 on 20/09/11
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That's what I'd heard too. Julian Graves is owned by Holland and Barrett no? What a shame they wouldn't stump-up some cash to continue to support the brand and the jobs?
I saw that a few rails of clothes had taken-up residence in the RHCP outlet, thought it was a charity shop but maybe they hadn't finished. The vacant shops in Wells could well be under threat from these folks http://tinyurl.com/65xszv3
By Wells_Jaqui at 10:25 on 20/09/11
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Unfortunately, the unrealistic rental yield expectations of landlords in Wells has resulted in quite a few businesses leaving and is one of the main factors that prevents new businesses from opening, especially independent businesses that may have to rely on only one (or a handful) of local stores for their income.
The ridiculous Rates (IE business tax) increases last year didn't help either. My rateable value increased by 175% (resulting in an eventual increase in payments of approx £1000 per month once the escalator has completed) and I have no reason to think that other businesses didn't suffer massive increases too...
By Kings Head at 10:57 on 20/09/11
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Funnily enough I did actually wonder if it was squatters who had taken over the RHCP shop when I saw it because they'd moved in so quickly and there was no signage above the shop.
I guess Holland and Barrett may just be consolidating their business into one store in Wells then. It makes more sense, although not much fun for the employees.
The assistant I spoke to in JG on Friday did say that the JG shop in Street may in fact be rebranded as an H&B soon, when I asked him if that one was in danger of closing.
Greedy landlords, exhorbitant rates and supermarket competition makes it no wonder that many high streets are dying out. Desperate times.
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