Nolte: Retail and Restaurants Flee Democrat-Run New York Forever
Crime, taxes, disease, and an anti-science approach to social distancing have chased a number of big retailers and restaurateurs out of New York forever, reports the far-left New York Times.
“In the heart of Manhattan, national chains including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien have shuttered branches for good,” per the Times, which adds other big box retailers, like Victoria’s Secret and the Gap, have chosen to reopen in other states while their Manhattan locations remain shuttered.
On top of that, Victoria’s Secret, which had been paying $937,000 a month in rent, is no longer paying that rent. The Gap is not paying its own $264,000 monthly rent to Rockefeller Center.
“There’s no reason to do business in New York,” the chief executive of Ark Restaurants explains. He has five restaurants in Manhattan but only reopened two.
In Florida, though, he’s thriving.
“I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less,” he explained. “The idea was that branding and locations were important, but the expense of being in this city has overtaken the marketing group that says you have to be there.”
Subway represents a few dozen permanent closures; Le Pain Quotidien 27.
Iconic outlets like Shake Shack are teetering, and Neiman Marcus, an anchor store at the new Hudson Yards, just filed for bankruptcy.
On top of the obnoxious price of doing business in Manhattan — add taxes and fees to those sky-high rents — there are no customers. The fake news Times doesn’t mention the riots that hit Manhattan’s business district just a few weeks back, or the continued threat of more rioting, or the hair-raising rise in violent crime which is only going to get worse… The Times does, at least, mention the failing city’s “stringent lockdown and methodical reopening” that is “wreaking havoc on businesses with so few people going to work, virtually no visitors and many residents” who are terrified to leave their homes.
Meanwhile, sane states like Florida, Georgia, and Texas, those states that offer a much lower cost of doing business, and despite enormous pressure from the fake media, did not go to New York’s absurd lockdown extremes, are returning to normal. Red States with Republican governors approached the China virus with a respect for science that avoided the out-of-control plague that turned Manhattan into something resembling a ghost town.
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