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After Store Closings and Furloughs, Are Rent Holidays Next?

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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