Citing the devastating impact of Covid-19, Federal Express is requesting that its rent be cut in half at some FedEx Office locations, a move sharply criticized by one landlord.
, requested that its rent be cut in half at some FedEx Office locations for three months, a move sharply criticized by one landlord.
The rent reduction would cover June 1 to Aug. 31. The company said it has continued to operate about 2,000 FedEx Office stores "as an essential business, supporting urgent printing and shipping needs for our customers." The request outraged Paul Orfalea, who is a landlord for nine FedEx locations in seven states across the country. The facilities, which are in strip malls and stand-alone buildings, are rented by partnerships in which Orfalea has a stake. He said so far he has received rent reduction letters for five FedEx locations.
"Their business is good ... They are hiring people and then they want to chisel with the landlord?" he said. "I can understand so many people are suffering right now and not paying their rent. But FedEx, when they are making money and open for business, I don't understand it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Cinema Giant Vue Asks Landlords for 'Complete Waiver' of Rents Amid Virus CrisisThe U.K.-based theater chain – which has sent letters to all of its landlords across Europe – is also requesting that the rent for the 12 months after reopening be 'turnover-based only.'
Read more »
How a Midtown Bodega Operator Is Keeping the Lights On – for Now'Times Square is really empty. My customers used to be 20 or 30 percent tourists but mostly people who worked in offices, hotels, theaters. But right now everything is shut down.'
Read more »
UPS will start delivering CVS prescriptions by drone in Florida — here's how it works - Business InsiderThis is the latest installment in the competition between UPS, FedEx, Amazon, and Alphabet to launch regular drone deliveries.
Read more »
All the Celebrity Couples You Totally Forgot Dated Back in the DayAll the Celebrity Couples You Totally Forgot Dated Back in the Day (via JustJared)
Read more »
Boeing to reopen South Carolina plant closed for coronavirus - Business InsiderBoeing had closed the South Carolina 787 Dreamliner factory on April 8 due to the coronavirus. It reopened its Washington factories last week.
Read more »