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Old March 29th, 2020, 07:30 AM
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Default The Power Created From Coronavirus - 47,000 Stores Shut Down - Manipulation?

The Power Of Coronavirus - 47,000 Stores Shut Down

Excerpt: With cash flows dwindling, and their survival in question every day, the total collapse in revenue has meant that firms such as (recently reorganized) Mattress Firm and Subway are among some of the major U.S. retail and restaurant chains telling landlords they will withhold or slash rent in the coming months after closing stores to slow the coronavirus, Bloomberg reports citing sources.

After Apple, Nike and Urban Outfitters were among the first to announce store closures on Saturday, March 14, the store shuttering pace quickened over the remainder of the week. Then shopping centers closed by the hundreds, with developers like Simon Property Group and Westfield, owned by Unibail-Rodamco-Westfield, locking up their entire U.S. mall networks. By Monday, March 23, at least 47,000 chain stores were shut. Most told customers that goods would be available online, but even store websites weren’t immune. Victoria’s Secret, T.J. Maxx and Marshalls decided to cease operations in their distribution centers and shut down their e-commerce businesses.

- zerohedge.com



Cheesecake Factory Restaurants Refuses To Pay Rent

Excerpt: Late Wednesday it was revealed that The Cheesecake Factory notified landlords at locations across the country that it doesn't plan to pay rent for the month of April after business came to a halt in the past weeks.

- zerohedge.com



The attack upon and final destruction of the US economy and the consumer is a massive prong in the globalist's trident to undermine capitalism and freedom.
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