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Retail Chains Abandon Manhattan: ‘It’s Unsustainable’
- mgav 6y ago"...For four months, the Victoria’s Secret flagship store at Herald Square in Manhattan has been closed and not paying its $937,000 MONTHLY rent. “It will be years before retail has even a chance of returning to New York City in its pre-Covid form,” the retailer’s parent company recently told its landlord in a legal document..."