Overdue

Struggling Retailers Owe $52 Billion In Overdue Rent Payments

By Tyler Durden The virus pandemic – with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption – since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg, citing new data via CoStar Group Inc., outlines how restaurants, gyms, and…

Struggling Retailers Owe $52 Billion In Overdue Rents 

The virus pandemic – with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption – since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg, citing new data via CoStar Group Inc., outlines how restaurants, gyms, and other businesses have…