Cadogan Closure – Reaction
Posted by News Editor
Posted in News
Yesterday we brought you news that Cadogan which has been a familiar part of trading on The Square in Winchester has gone into administration.
The Executive Director of Winchester BID – Catherine Turness – admitted to Winchester Today that the closure was not what she wanted to hear: “I was sad to hear of the news. Cadogen has been a part of Winchester for 24 years and is naturally a firm favourite for many residents and so we’ll be sorry to see Alex and his team go.
“There has been much movement over the past few months, especially towards the bottom of the High Street.
“The former shop that housed Tinc is under offer, new bar Corretto is due to open shortly and we welcome Patisserie Valerie, which will replace Maison Blanc.”
She told Winchester Today that there will now be an inquiry of sorts of what’s going wrong for some traders: “The interim results of the BID’s latest Business Barometer show that there are a several fashion retailers who are trading successfully and some which are struggling – so we must get to the bottom of whether these are external factors out of their control such as; rent, business rates, parking and access, national position, consumer buying confidence or whether they are internal factors such as; stock levels, digital and social disruption and staffing.
“What is evident is that Winchester’s retail offer needs the capacity to expand and this is reinforced by the recent Propernomics study for Central Winchester stating ‘Some [retailers] are especially price sensitive but others appear better placed to maximise the opportunity of being located in Winchester.’
“The BID will be analysing the study further in the coming weeks and offering our help to the Councils in securing Winchester’s future economic success.”