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Retail rent negotiations get messy with $20bn due

Bloomberg Retailers and landlords are locked in an awkward dance as April rent comes due. Major chains including Mattress Firm and Subway have told landlords they will postpone or slash payments in coming months. Mall operators say they expect to be paid. Best Buy, meanwhile, plans to pay rent, with the possible exception of locations it was forced to close. ...

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JetBlue slashes April flying 70% as bookings dry up

Bloomberg JetBlue Airways Corp expects to slash flights 70% next month and deeper cuts are likely in the carrier’s home base in New York, as the spread of coronavirus erases travel demand. Daily departures will fall to 300 from about 1,000, JetBlue said. Flights leaving New York-area airports are slated to tumble to 60 but may dip to as few ...

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Stockpiling for virus lifts UK supermarket sales

Bloomberg Coronavirus-driven stockpiling by Britons girding for a nationwide lockdown lifted UK grocery sales to a record in March, according to research firm Kantar. Supermarket sales grew by 7.6% in the past 12 weeks, the fastest pace in more than a decade. That rate of increase nearly tripled over the past four weeks, making March the biggest month of grocery ...

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