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New York City’s progress fighting the coronavirus is doing little to help retailers, who say business in the city that never sleeps has become worse than anywhere else in the country. National retailers — from Shake Shack, Applebees, and cap seller Lids — say their Big Apple stores are bouncing back slower than even neighboring states like New Jersey and Pennsylvania, which were also hard hit by the coronavirus. The problem, sources say, is Manhattan, which used to be teeming with tourists and commuters who have largely stayed away since the coronavirus pandemic hit in March. Wealthy Manhattanites also have more resources and flexibility to escape, indefinitely, to greener pastures, like the Hamptons, experts say. Go to the link in our bio for more on this story.
Thursday, July 23, 2020
New York City is now the worst place to do business, retailers say
at 3:18 PM