FORBES: Can Insolvencies Be Avoided In The Face Of $3.4 Billion Losses For Airport Retailers?

Anyone who thinks that downtown retailing is having a hard time during the Covid-19 era needs to visit any airport in the U.S. Retail and restaurant concessionaires there are on their knees thanks to forced closures and travel bans.

Losses that started mounting from March are expected to balloon to $3.4 billion by the end of 2021 if no mitigating action is taken according to a newly-published forecast from the Airport Restaurant and Retail Association (ARRA).

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Source: Forbes
Date of Article: July 20, 2020