Mall owner Simon Residence Group said in a lawsuit submitted this 7 days that the garments retailer owes 3 months of hire, totaling $65.9 million. Gap Inc. has much more than 390 merchants at Indianapolis-primarily based Simon’s malls, together with its namesake brand name, Outdated Navy and Banana Republic.
Gap and other big retailers, together with sneaker vendor Foot Locker, have said they wouldn’t shell out hire for merchants that had been compelled to shut because of to the pandemic. In April, Gap warned that it may possibly be sued by its landlords and that a dispute could be pricey and have “an unsure result.”
San Francisco-primarily based Gap did not react to a request for remark Thursday.