Friday, April 10, 2020

Staples remains open but refuses to pay April rent

Chain Store Age
Retail landlords nationwide are up in arms over Staples' refusal to pay rent in April, even though most of its stores remain open.

According to a report from Axios, several landlords complained that Sycamore Partners, the owner of the office products chain, was taking advantage of the pandemic situation despite the fact that the private equity took a $1 billion dividend from Staples last year.. . . more