Retail Rent Negotiations Get Messy With $20 Billion Due
- Major chains have said they’ll postpone or slash payments
- Situation is tricky as the coronavirus hits the U.S. economy
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Retailers and landlords are locked in an awkward dance as April rent comes due.
Major chains including Mattress Firm and Subway have told landlords they will postpone or slash payments in coming months. Mall operators say they expect to be paid. Best Buy, meanwhile, plans to pay rent, with the possible exception of locations it was forced to close.