September 20, 2021


Shopping Works Wonders

Mall owner sues Gap for rent on coronavirus-shuttered stores, Retail News, ET Retail

NEW YORK : Gap is staying sued for refusing to shell out hire for merchants temporarily shut throughout the coronavirus pandemic.

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has much more than 390 merchants at Indianapolis-primarily based Simon’s malls, together with its namesake brand name, Outdated Navy and Banana Republic.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.

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