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After Store Closings and Furloughs, Are Rent Holidays Next?

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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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