Thursday, May 7, 2020

Gap sued over unpaid rent at Midtown Manhattan store
In another sign of the stress faced by retailers whose stores are shuttered by the coronavirus outbreak, Gap Inc. quit paying rent for its store near New York City’s Times Square, according to a lawsuit.

The landlord of the Gap store at 1212 Avenue of the Americas says the apparel giant failed to pay rent for April and May, along with water charges and snow removal, leaving the company with an unpaid bill of $530,334.. . . more