As they gradually reopen, US shopping malls are requiring masks and implementing social distancing policies in hopes of convincing customers that they can shop safely in the coronavirus era. The owner of lingerie chain Victoria's Secret on Thursday announced it will shutter 250 stores in the United
1 / 3Consumers at The Galleria shopping center in Houston, Texas earlier this month after Texas opened malls for up to 25 percent of their capacityConsumers at The Galleria shopping center in Houston, Texas earlier this month after Texas opened malls for up to 25 percent of their capacity New York - As they gradually reopen, US shopping malls are requiring masks and implementing social distancing policies in hopes of convincing customers that they can shop safely in the coronavirus era.
The retail industry was struggling long before COVID-19 hit, weeding out brick-and-mortar stores that were steadily losing market share to e-commerce, and that spawned a wave of mall closures and the appearance of"zombie malls" with almost no stores."Covid is pulling forward several years of retailer fallout," Green Street Advisors said in a report, predicting more than half of mall-based department stores would close by 2021.
And renters also could cite"force majeure" or"Act of God" clauses in many contracts to justify non-payment of rent, potentially leading to a huge wave of litigation. "To the extent that they are willing to put that foot forward and be transparent and help us understand the scope of the ask, we're certainly willing to listen," Garrison said on a May 6 earnings conference call.Acadia Realty Trust, a New York based mall operator, received about 50 percent of its April rent, with"essential" stores such as Target and Trader Joe's able to pay.
Better-rated malls with popular brands like Apple and Nike will do better, he predicted, though the hit to real estate companies from lost rent will be"significant." "The big question is whether consumers are going to be willing to go back into a large inside facility anytime soon," Shields said, and it could be months or longer before consumers feel comfortable stepping into a dressing room.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. pledges $162 million more in COVID-19 foreign assistance, bringing total to over $1 billionUS State Dept. says the government has pledged an additional $162M in foreign aid to fight the coronavirus, bringing the total to more than $1B.
Lire la suite »
All 50 U.S. States Have Now Started To Reopen, Easing COVID-19 ShutdownAll 50 states have at least partially eased tight restrictions on businesses. But public health experts warn that in many cases, states are easing restrictions despite not meeting all of the criteria to do so.
Lire la suite »
The Covid-19 pandemic further divides the USThe pandemic has caused even greater polarisation in the US and is turning out to be a defining period for Trump's future.
Lire la suite »
Ford shuts two U.S. assembly plants due to COVID-19 infectionsFord Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker's plan to restart North American production and begin making its most profitable vehicles again.
Lire la suite »
U.S. orders 300 million doses of potential COVID-19 vaccineThe U.S. government has ordered 300 million doses of a potential COVID-19 virus being developed by AstraZeneca and Oxford University and hopes first doses can be made available by October, the Department of Health and Human Services said on Thursday.
Lire la suite »
Nursing Homes Don’t Have to Report Pre-May Covid-19 Deaths to U.S. OfficialsA recently launched federal effort to collect data on the impact of the coronavirus in nursing homes will leave the full toll unclear, because a new rule doesn’t require facilities to report deaths and infections that occurred before early May.
Lire la suite »