Big Apple faces huge business exodus

If you go woke, you go broke--that's what New York City is slowly learning but evidently, they're very slow learners.

Large retail chains and restaurants have been "getting out of Dodge" [aka New York City] over the last several months due to the hyped-up Chinese Communist Wuhan coronavirus pandemic, according to a report by The New York Times. However, the full extent of the losses will not be known until the fall.

NY Gov. Andrew "The Killer" Cuomo pushed policies to limit people crossing into New York within the tri-state area and New Yorkers were discouraged from traveling to the neighboring states. Once the slaughter of nursing home residents was near its end, the curves began to flatten because those who were most susceptible to the virus had already died, thanks to Cuomo, in spite of his refusal to accept any blame but instead blamed President Trump.

Due to the lack of tourism and general foot traffic resulting from people working from home, New York businesses could not sustain enough revenue to remain viable.

Large companies like Lord & Taylor, J. Crew, and Hertz--420 companies in all--have already filed for bankruptcy protection this year and more will follow as people have been hunkering down in their homes out of fear of dying, in spite of the statistically low probability of that happening to healthy young adults.

As much as 85% in reduction of business revenue have been seen in some companies, according to the former newspaper known as The New York Times. Large restaurants that seated hundreds of patrons were forced to only seat people for patio service.

“There’s no reason to do business in New York,” Michael Weinstein, chief executive of Ark Restaurants – the parent company for Bryant Park Grill & Café – told The Times. “I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less.”

Other national chains, including J.C. Penney, Subway and Le Pain Quotidien have permanently shuttered New York City branches and continue to do business in other states not run by incompetent governors and where the rents are less crazy than in the Big Apple.

“We have two hours at lunch and 2½ hours at dinner to make our money,” said Jay Gentile, chief operating officer for Veggie Grill. “We’re still paying very high rent. It’s unsustainable.”

In spite of having his head stuck up his nether regions, New York City Mayor Bill de Blasio seems aware of the situation, having taken steps to try and help businesses recover. The chances that a commie like de Blasio being able to coax businesses to stay in the decay of Broadway is slim, but you never know.


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