in the leases that I helped with in Lake Sumter Landing and Spanish Springs there was a clause about TV getting a percentage of the revenues .but only after achieving a significant increase in revenues.
If for example the retailer was forecasting to do $500,000 per year in sales, the clause stated that AFTER ACHEIVING SALES OVER $1,000,000 per year, there would be a percentage on the amount OVER THE $1,000,000 ONLY. A new retailer in TV given the opportunity to double their sales....most do not....would have no problem apying a percent to TV when they in fact do double their sales.
Sale MY GUESS (because I do not know) is if thar clause is in all retailers leases, most of them DO NOT PAY A PERCENTAGE.
These are facts well known to the retailer when doing their diligence in determining whether to set up business here or not. So it is not a surprise to any retailer tenant.
I am also sure their are different lease arrangemnts depending who is sitting at the table and how bad TV either wants the business there or just fill the space.
The worn out rumor that many retailers fail in TV because the rent is too high.....is nothing more than the failed retailer saving face. They knew what it takes to be profitable the day they signed the lease.
All the non authentic commentary (usually called rumors) about what store is going where or whether or when is just......rumors and feel good verbiage.
But it is fun to watch
btk