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by fidotron
434 days ago
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There's a subtext to this post that may not be obvious to non British people: UK High Streets (Main Streets) have in the last 20 years experienced an incredible explosion of charity shops (thrift stores) including many locations specific to books. Quite why this has occurred is a subject of occasional argument, but I've never heard a definitive theory on it, and it partly overlaps with the general decline motivated by ecommerce. They do compete on some level with existing businesses, as debated here, but the more curious impact is they completely alter the character of an area. Ten years ago they used to be fantastic for obscure finds because it seemed people had not caught on, but these days they tend to be subpar, which is probably a major edge the non charitable enterprises have exploited. |
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For commercial landlords, a charity shop paying little or no rent is usually better than no tenant at all - the property is less likely to be smashed up by vandals, burned down by arsonists or occupied by squatters if it's occupied. The landlord would be liable for business rates after three months of vacancy, but not if there's a tenant.
Charity shops get an 80% relief on business rates, pay nothing for their stock and get some or all of their staff for free; obviously this allows them to operate profitably in circumstances where no normal business could.
As I understand it, the landlords are holding on mostly in the hope that their properties will either be compulsorily purchased as part of a regeneration scheme, or granted planning permission for redevelopment as housing.