[Paladin2]

"....$264,000 monthly rent...."

Sounds unsustainable.

Even in good times.

[who_would_fardels_bear]

I guess that's where they got their slogan:

Fall into the GAP!

[gibsonguy]

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?

[caseinpoint]

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.

[EBH]

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.

[Responsibility2nd]

$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.

[Tucker39]

Is that for one month, or an accrual of months since the lockdown?

[Kenny Bania]

the scaled-down restaurant brings in about $12,000 a day — an 85 percent plunge in revenue, its chief executive said.

That's over ~$2.4 million per month. More than enough to cover the rent.