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After Store Closings and Furloughs, Are Rent Holidays Next?

Join Isko and Rivet magazine on June 3 at 11 am ET for REFASHIONED, a roundtable discussion on the denim industry’s new normal, from concept to consumer.

Retailers have been canceling purchase orders because they no longer need as much inventory with stores that are closed indefinitely, and now they’re scrutinizing other components making up their financial obligations like rent and vendor-payment terms. On Tuesday, millennial-friendly Urban Outfitters Inc. said it will “suspend the payment of rent temporarily,” and will pause or…

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