Quote:
Originally Posted by fjtorres
It'll be easy for B&N: they'll just close the store.
Odds are, they were going to anyway.
Those leases are the second biggest problem Daunt faces.
|
Closing the store by breaking the lease is not that easy at the moment. Normally you would do that if the lease has a bailout clause. But right now there is nothing normal about the economy. The landlord could probably tell B&N that a bailout is not valid, because most everybody's retail stores are closed right now. Don't have enough money for their rent? Then they need to get a loan through the Corona Virus Relief bills. Catch 22 would be, that there is stipulations that they may have to pay back more if they fire people. So B&N cannot take advantage from the Corona virus to close stores early that they planned on closing anyway.