Highsnobiety

Gap is facing a lawsuit after failing to pay rent for one of its New York City stores for the months of April and May, Bloomberg Reports. In addition to the unpaid rent, the landlord of the company's 1212 Avenue of the Americas location is seeking water charges and snow removal, as well as $20,000 in attorney fees, leaving an estimated total of $550,334.

Gap is one of countless retailers strongly impacted by the coronavirus pandemic. As of this week, retail traffic has fallen 99.9 percent year-over-year due to stay-at-home orders across the United States.

According to Bloomberg, Gap has suspended roughly $115 million worth of rent payments for its North American stores. The retail company has been hoping to renegotiate its leases and continue to suspend rent, although it is well aware landlords can claim default. Gap insists, however, that under common law, they are not obligated to pay rent for locations that have been closed due to governmental and public health authority orders.

For more on the lawsuit against Gap, which was filed earlier this week in federal court, visit Bloomberg.

We Recommend
  • Moves of the Linen Variety: A look at the Making of GAP’s Latest Love Letter to Linen
    • Style
    • sponsored
  • Palace’s Gap Collab Is for the Whole Family
    • Style
  • Tyla & Jungle Bridge the GAP Between Contemporary Art Forms and Everlasting Essentials
    • Style
  • Junya Watanabe's FW24 New Balance Sneaker Isn't Like the Rest
    • Sneakers
  • EXCLUSIVE: DAP GAP's Next Drop Is Huge & Dapper Dan Knows It
    • Style
What To Read Next
  • How to Make Edibles: Here Are 6 Tips You Need
    • Culture
  • 8 Cannabis Perfumes For 420 and Beyond
    • Beauty
  • The Best Basketball Shoes of the 2023-24 Season
    • Sneakers
  • 5 Things to Consider Before Starting Your Own (Legal) Weed Business
    • Culture
  • These Are Our Favorite Watches From Watches & Wonders 2024
    • Watches
  • Dark Clouds: What You Need to Know About Counterfeit Cannabis
    • Culture
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titel Media GmbH (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titel Media GmbH strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titel Media GmbH tests, remediates and maintains the Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.