The New Retailer-Landlord Relationship

The retailer-landlord relationship may be entering not just a new year, but a new era. After a contentious 2020, many store tenants and landlords are reshaping their leases based on lessons learned from the COVID-19 pandemic. It’s been a trial by fire. As stores were forced shut for several weeks early in the year, retailers were left with little to no sales to fund the costs of running their operations. Furloughs and layoffs mitigated labor costs, inventory adjustments mitigated supply chain costs and e-commerce helped. But the rent was still due. Read more at Retail Dive.