Two recent cases involving The Gap, Inc. may serve as warnings to commercial tenants offering COVID-19 as an excuse for breaking their leases.
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COVID-19 and E-Commerce are Changing Retailers’ Real Estate Footprints
The COVID-19 pandemic has driven a large shift toward online retail transactions. In April of 2020, nonstore sales, mostly conducted through e-commerce, increased by nearly 30 percent while overall retail sales in the US are down 16 percent year over year, according to the Department of Commerce.
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