Retail Lease Defaults Have Ripple Effect
PYMNTS
JULY 8, 2020
A letter from President of Stores Jamie Nordstrom to landlords on Friday showed that the company would use same-store comparisons as the basis for its decision to make its lease payments. It is now rumored to be bidding for another troubled tenant, bankrupt clothing retailer Lucky Brand Dungarees. In April, Gap Inc.
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