Retail Turmoil Hits Times Square With Tenants Looking for Exit

  • Gap, Cover Girl among brands that want to sublease their space
  • As shopping moves online, companies are rethinking big stores
The Times Square area of New York.Photographer: Victor J. Blue/Bloomberg
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Struggling retailers are souring on Times Square.

Gap and Cover Girl are among merchants looking to leave stores in the district, where companies have historically been willing to swap high rent payments for daily exposure to hundreds of thousands of tourists and commuters.