We know
that times are tough in retail. And it is not just the myriad of global
retailers who are exposed to difficult times. Someone very close to market
traders is experiencing downturn.
The City of
Melbourne has released financials for its subsidiary, and our landlord, The
Queen Victoria Market, and the 2017 results were not great –
Total Income decreased
by $281,000
Total Expenses increased by $2,052,000
Deficit for 2017 $2,293,000
( Rental Returns
were down by $1,100,000 )
Some traders have
commented that our interim CEO has recently shown signs of “tightening the belt”.
We can understand why.
