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5 ways the coronavirus pandemic is reshaping the future of retail stores

5 ways the coronavirus pandemic is reshaping the future of retail stores

By: Lauren Thomas
Source: CNBC
Date of Publication: December 17th, 2020
The coronavirus pandemic is forcing retailers to rethink the role of the brick-and-mortar store.
The biggest US mall owner Simon says still looking to salvage other distressed retailers

The biggest US mall owner Simon says still looking to salvage other distressed retailers

By: Lauren Thomas
Source: CNBC
Date of Publication: August 10th, 2020
Simon Property Group Chief Executive David Simon said Monday that the company is still looking to salvage additional distressed retailers, having already made bids for bankrupted Lucky Brand, Brooks Brothers and J.C. Penney.
'Pandemic pricing' is here. Rents are dropping across the US

'Pandemic pricing' is here. Rents are dropping across the US

By: Anna Bahney,
Source: CNN
Date of Publication: June 17th, 2020
"Pandemic pricing," as some agents call it, has arrived across the country as landlords react to the economic fallout of the coronavirus pandemic. With many people either losing their jobs or working from home due to the shutdowns, many tenants have chosen to leave their apartments behind in major US cities.
Mall Landlord Simon Property Suing Retailer Gap Over Missed Rent_WSJ

Mall Landlord Simon Property Suing Retailer Gap Over Missed Rent

By: Esther Fung
Source: The Wall Street Journal
Date of Publication: June 4th, 2020
Simon Property Group, the country’s largest mall owner, filed a lawsuit against Gap Inc. on Tuesday over unpaid rents and other charges it says amount to $66 million.
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Who Dares To Rent A Dress Now? Coronavirus Upends The Sharing Economy

Who Dares To Rent A Dress Now? Coronavirus Upends The Sharing Economy

By: Shannon Bond
Source: NPR
Date of Publication: June 1st, 2020
Rent the Runway, Uber and other sharing economy services are being hit hard by the coronavirus pandemic.
Gap stops paying rents, warns it might not have enough cash

Gap stops paying rents, warns it might not have enough cash for operations

By: Lauren Thomas
Source: CNBC
Date of Publication: April 23rd, 2020
Gap said it must take further action to find liquidity over the next 12 months, such as additional job cuts and new debt financing. The company said it did not pay rent on its shuttered stores in April, which amounts to roughly $115 million in monthly expenses in North America.