Sounds unsustainable.
Even in good times.
Fall into the GAP!
Sounds unsustainable.”
sure does, 264K a month plus NYC and NYS taxes. That and knowing the Amish could loot your inventory and burn your store at any time. Why would anyone re-open?
Couple that outrageous rent with insurance premiums and rich taxes and, yeah, why spend so much for a prestigious location when the government is showing it does the bidding of any mob of the day and will shut it down for any excuse.
Read the article...Victoria’s Secret is $964,000 per month. Or something near that.
I said this was going to happen. Plus you have the stoopid rioters destroying everything.
No business person would ever return to a situation out of control.
$264,000 monthly rent for a Gap Store?
I don’t care if your business model is selling cheape Chinese torn jeans to stupid kids for $125.00....
You cannot sustain that.
Is that for one month, or an accrual of months since the lockdown?
That's over ~$2.4 million per month. More than enough to cover the rent.