Retailers need help to save jobs
CONCERNED RETAILER WRITES:
The alarming increase in vacancies in the retail space in Namibia's capital is a clear indication of the current economic situation.
The negative economic environment combined with the downward spiral of disposable income of consumers and government will force retail establishments to immediately adopt and enforce change in order to ensure sustainability. lmmediate staff reduction, which will contribute to Namibia's "joblessness" is inevitable for any retailer to insure his sustainability in the next eighteen month.
Furthermore, the implementation of "short time" as the contract of employment makes provision for, will ensure the retailer that the renumeration , for retail space occupied, to the landlord will be honored.
It is in my opinion that the only solution to Namibia's ever rising unemployment figure is to enforce a governmental control board, similar to a rental control board for housing, to control the unjust remuneration demanded by the landlords for retail space.
Retailers are not in the position to monthly pay N$400.00 and far above per square meter. As a retailer for over 30 years, it is possible to substantiate with trends and the economic pattern over the span of years that the remuneration to a landlord should not be more than it was in 2011, this being approximately 50% of today's asking price per square meter.
The oversupply of retail space and the limited demand theoretically should force landlords to reduce the price, but to the contrary!
Vacant retail space is increasing in the capital daily. Retailers are closing their businesses and people loose their jobs. Daily!
The alarming increase in vacancies in the retail space in Namibia's capital is a clear indication of the current economic situation.
The negative economic environment combined with the downward spiral of disposable income of consumers and government will force retail establishments to immediately adopt and enforce change in order to ensure sustainability. lmmediate staff reduction, which will contribute to Namibia's "joblessness" is inevitable for any retailer to insure his sustainability in the next eighteen month.
Furthermore, the implementation of "short time" as the contract of employment makes provision for, will ensure the retailer that the renumeration , for retail space occupied, to the landlord will be honored.
It is in my opinion that the only solution to Namibia's ever rising unemployment figure is to enforce a governmental control board, similar to a rental control board for housing, to control the unjust remuneration demanded by the landlords for retail space.
Retailers are not in the position to monthly pay N$400.00 and far above per square meter. As a retailer for over 30 years, it is possible to substantiate with trends and the economic pattern over the span of years that the remuneration to a landlord should not be more than it was in 2011, this being approximately 50% of today's asking price per square meter.
The oversupply of retail space and the limited demand theoretically should force landlords to reduce the price, but to the contrary!
Vacant retail space is increasing in the capital daily. Retailers are closing their businesses and people loose their jobs. Daily!
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