Retail chain refuses to pay rent in stand-off with retail landlords

Discussion in 'Property Market Economics' started by Waterboy, 26th Mar, 2020.

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  1. np999

    np999 Well-Known Member

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    Nike is a case in point:

    NIKE (NKE) Hikes Dividend, Focuses on Growth Initiatives
    "Apart from making regular dividend payments, NIKE is actively managing its capital and returning much of its free cash to shareholders via buybacks. In the last reported quarter, NIKE bought back 11.9 million shares for $995 million under its four-year $15-billion share repurchase program that was approved in June 2018."

    Yet, last Monday's Wall Street Journal reported that:

    nike.png

    So it has over $10B for earmarked for share buyback and dividends, yet it took the "opportunity" to propose cutting its rent in half. Not sure how its landlords' lawyers would respond.
     
    marty998 likes this.
  2. Coastal

    Coastal Well-Known Member

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