Retail rent collection plunges to 58% in April

If retail landlords opened a Tenant Hall of Shame right now, they might begin by inducting Supercuts, Barnes & Noble, Red Robin, General Nutrition Centers, Gap, H&M, Foot Locker and Men’s Warehouse. Those big names were among the 21 percent of the 135 major chains paying no rent or a small fraction of it in April, according to a new report. Overall, national retail chains paid 58 percent of billed rent last month, down from

source https://therealdeal.com/2020/05/12/retail-rent-collection-plunges-to-58-in-april/