Retailers consider store closures as protests sweep the country

Target, Walmart and Nike are among brands closing stores or facing property damage

National /
Jun.June 01, 2020 08:55 AM
Some U.S. retailers are closing stores in anticipation of potential property damage resulting from the George Floyd protests (Getty)

Some U.S. retailers are closing stores in anticipation of potential property damage resulting from the George Floyd protests (Getty)

Some retailers, hit hard by the coronavirus pandemic, are now contending with looting and vandalism in the wake of protests sparked by the death of George Floyd.

Major companies like Target, Walmart and Nike, along with small family businesses, have closed hundreds of stores or seen them damaged during the protests, which in some instances have turned violent, according to the Wall Street Journal. Adidas has announced it is temporarily closing all of its stores in the country, and Amazon is modifying its delivery routes in some cities to help protect its employees.

The protestors are focused on broad issues of social justice and racism, and several business owners and executives expressed support for them. A former Minneapolis police officer has been charged with third-degree murder and second-degree manslaughter in Floyd’s death.

Target, which is based in Minneapolis, closed more than 200 stores over the weekend, but some have already reopened with reduced hours. One of the company’s stores on Lake Street in south Minneapolis was one of the first businesses to be damaged in the protests last week.

Cynthia Gerdes, co-founder of the restaurant Hell’s Kitchen in downtown Minneapolis, had shut down in March because of the pandemic but was preparing to start offering takeout in July. However, she told the Journal she is now trying to determine how Floyd’s death and the subsequent protests will affect Minneapolis’ businesses going forward.

“It’s a double whammy,” she said. “It’s a gut punch.”

Stores in New York that were damaged during the protests included a Coach in Midtown; Chanel, Prada and Ganni locations in Soho; and a Walgreens, CVS, GameStop and bike store in the East Village, according to the New York Post. [WSJ, NYP— Eddie Small


Related Articles

arrow_forward_ios
The measure bars landlords from evicting tenants who suffered a financial hardship brought on by the pandemic. (Getty)
LA extends eviction moratorium
LA extends eviction moratorium
(iStock illustration by Kevin Rebong for The Real Deal)
Morgan Stanley bans unvaccinated staffers from offices
Morgan Stanley bans unvaccinated staffers from offices
Sure We Can has tried to purchase the property in the past (Facebook via Sure We Can, Getty)
Lifeline for canners needs city’s help to buy redemption center site
Lifeline for canners needs city’s help to buy redemption center site
Photo Illustration of Airbnb CEO Brian Chesky and Vrbo CEO Jeff Hurst (Getty)
Home invasion: Vrbo aims to poach listings from Airbnb as summer heats up
Home invasion: Vrbo aims to poach listings from Airbnb as summer heats up
Confidence is lowest in the Northeast and Midwest, at 73 and 70. (iStock)
Homebuilder sentiment slides to 10-month low in June
Homebuilder sentiment slides to 10-month low in June
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Washington Prime Group CEO Lou Conforti (Twitter)
Washington Prime Group files for Chapter 11 bankruptcy
Washington Prime Group files for Chapter 11 bankruptcy
Hamed bin Zayed Al Nahyan (Getty)
Pandemic squeeze forces Abu Dhabi fund to reassess real estate exposure
Pandemic squeeze forces Abu Dhabi fund to reassess real estate exposure
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...