Retail Chains Abandon Manhattan: ‘It’s Unsustainable’

Discussion in 'Political Issues' started by DonGlock26, Aug 12, 2020.

  1. DonGlock26

    DonGlock26

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    "Retail Chains Abandon Manhattan: ‘It’s Unsustainable’

    Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.

    For years, Bryant Park Grill & Cafe in Midtown Manhattan has been one of the country’s top-grossing restaurants, the star property in Ark Restaurants’ portfolio of 20 restaurants across the United States.

    But what propelled it to the top has vanished.

    The tourists are gone, the office towers surrounding it are largely empty and the restaurant’s 1,000-seat dining room is closed. Instead, dinner is cooked and served on its patio, and the scaled-down restaurant brings in about $12,000 a day — an 85 percent plunge in revenue, its chief executive said.

    Five months into the pandemic, the drastic turn of events at businesses like Bryant Park Grill & Cafe that are part of national chains shows how the economic damage in New York has in many cases been far worse than elsewhere in the country.

    In the heart of Manhattan, national chains including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien have shuttered branches for good. Many other large brands, like Victoria’s Secret and the Gap, have kept their high-profile locations closed in Manhattan, while reopening in other states.


    Michael Weinstein, the chief executive of Ark Restaurants, who owns Bryant Park Grill & Cafe and 19 other restaurants, said he will never open another restaurant in New York.

    https://www.nytimes.com/2020/08/11/nyregion/nyc-economy-chain-stores.html "


    Cough....rioting....cough.....
     
    Last edited: Aug 12, 2020
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  2. Will Beararms

    Will Beararms Millennium Member

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    This thrills the Communists. Once they take over, they’ll take over Ark Rest.
     
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  3. UncleDave

    UncleDave

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    Mayor Bill can purchase the restaurant and turn it into a cafeteria for the homeless that are staying at the nearby 5-star hotels.
     
  4. JFrame

    JFrame

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    Bill De Blasio is applying that Venezuela magic on his fair city. sunnies.gif

    .
     
  5. thewitt

    thewitt

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    We are witnessing the death of New York City. Watch closely. This is a once in a generation event.
     
  6. Pythonman

    Pythonman

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    New York City and Manhattan. The Detroit and Chicago of the East Coast.
     
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  7. 1bigK

    1bigK

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    Surprised that the story didn’t mention about so many of the wealthy New Yorkers have fled the city to ride out the virus. Surely that did not help matters.


    Sent from my iPhone using Tapatalk
     
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  8. Taz

    Taz

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    Sadly in doing so they may stay away and infest wherever the go with a much worse disease than ChicomFluV19.
     
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  9. BigBluefish

    BigBluefish

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    It did. Thing is, they may have left until COVID is gone, but... COVID will never be gone and they will also come to realize, as NYC spirals down the drain, that there is no reason to ever go back.
     
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  10. jr24

    jr24

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    Downtown Chicago will be next, after this past weekend.
     
    Last edited: Aug 12, 2020
  11. vikingsoftpaw

    vikingsoftpaw DEPLORABLE ME!

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    It will take two generations to turn around NYC. The question is in what decade to the want to start.
     
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  12. DaleGribble

    DaleGribble FullClip CANT BREATHE!!!!!

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    It's not the rioting that's killing NYC, it's DeBlowsguys and Cortez that are killing NYC.

    Chicago and L.A. are not far behind either.

    Lightfoot has already been begging retailers not to leave but the events of this weekend sure aren't going to help and it's not just going to be downtown that gets abandoned.
     
  13. FullClip

    FullClip Native Mainiac CLM

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    The Dems have a new business model to fill the empty buildings.
    [​IMG]
     
  14. marchboom

    marchboom

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    No tears or sympathy from me. The democRATs of NY deserve everything that has happened. They voted in the America hating democRATs so now they have to live with what they bring to the city.

    Now lets see how they vote in Nov. Will they vote in the same democRATs? Some how I think they will.
     
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  15. nerr

    nerr

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    There will be repeats in other cities in case you miss the NYC debacle. But you are right in that NYC is the biggest and has been ripe for disaster for a long time.
     
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  16. quantico

    quantico 1911 lover Millennium Member

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    Use new york and seattle and la and portland and Minneapolis for missile testing
     
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  17. quantico

    quantico 1911 lover Millennium Member

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    Chicago allready is just a backstop. From shootings
     
  18. Darkangel1846

    Darkangel1846

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    Remember the old Movie "Escape from New York"? That's what Manhattan will look like in a few years.
     
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  19. picrthis

    picrthis

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    GOOD they all should SHUT DOWN and MOVE, see how the city likes the revenue/tax hit it will suffer
     
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  20. Bradley T

    Bradley T

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    Decline of Western Civilization. Anything that was worthwhile in that big town is going to be gone. Just millions of poor people.
     
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