Chain Retail And Restaurants Leave Manhattan As Pandemic Changes The City

  • Date: 12-Aug-2020
  • Source: Forbes
  • Sector:Retail
  • Country:Oman
  • Who else needs to know?

Chain Retail And Restaurants Leave Manhattan As Pandemic Changes The City

TOPLINE

In the wake of a pandemic-crippled tourist season, and a sharp increase in businesses allowing employees to work from home, national retailers and restaurant chains are choosing to permanently close their Manhattan locations, according to the New York Times.

A woman wearing a protective mask walks by stores on Madison Avenue during the coronavirus pandemic ... [+] on May 20, 2020 in New York City.



(Photo by Cindy Ord/Getty Images)

KEY FACTS





Five months into the coronavirus pandemic national retail chains like J.C. Penney, the Gap, Victoria Secret and Kate Spade have shuttered branches, in some cases permanently, all over Manhattan.





Many of the stores, especially in the heart of Manhattan,