Reduce Price to Improve Revenues and Margins
CHOICE 1 OBJECTIVE: RETAIN CUSTOMERS
CHOICE 2 SEGMENTS: PUBLIC RELATIONS SEGMENT / REDRESS A FAILURE BY THE COMPANY
CHOICE 3 COMPONENT: PROVIDE A MEET OR RELEASE AGREEMENT
| No. | SIC | Year | Notes |
| 1 | 6519 | 2009 | Retail chains are using the fine print in their leases to demand rent reductions, eking out critical savings and pressuring mall owners already struggling with vacancies. Gap Inc., Williams-Sonoma Inc. and AnnTaylor Stores Corp., among others, are poring over their leases and dispatching staff to track store closures that trigger "cotenancy clauses." The clauses, relatively common in retail leases, let tenants demand cuts in rent — or, eventually, a penalty-free pullout — if key tenants or a specified numbers of stores leave the center. |
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