RENT DROP SAVES SUBI SHOP
ROKEBY Road jewellery store The Glitter Co was set to become another casualty of high rents — until a Western Suburbs Weekly article on its closure helped turn everything around.
After more than 20 years in Subiaco, owners Stuart and Chris Walton had planned to shut down on February 28 as the business “could no longer sustain the rent we had been paying over the last few years”.
“But after the article came out in January, we got an offer from our landlord that was a considerable reduction and what we needed to stay,” Mr Walton said.
“This coupled with the re-leasing of premises either side of us with exciting new retailers, made us re-think.
“We signed the lease for a two-year period to enable us to get through this tough period that Subi is going through, and after that it will be renegotiated. We can now see our future in Subiaco.”
Mr Walton said he hoped the “good news story” of his landlord trying to do the right thing might encourage others.
“If the rents aren’t enormous, then the retailer can stay on and get the customers a better price, so everyone benefits,” he said.
“When we wrote the ‘not’ above our ‘closing down’ sign, one of our customers who was double-parked outside, ran in and said: ‘Look I can’t stop but I’m just so happy you’re staying and keeping the colour in Subiaco’.
“Subiaco is more than just a place for people to shop; it will lose its heart if retail dies. I’m hoping the publicity that has happened might have woken up landlords and the Subiaco Council to look at this area a bit more.”
Toy World Claremont owner Peter Smart reopened Subiaco’s Toy World on Hay Street last Monday.
“We were asked by the landlord (Barrie Lepley) to come in and keep the Toy World name in Subiaco, as it has been here for 20 years,” Mr Smart said.
The Glitter Co co-owner Chris Walton.