(AOF) – The chief financial officer of Bed Bath & Beyond has been found dead at the foot of Tribeca’s iconic skyscraper, known as the “Jenga Building”. Gustavo Arnal, 52, who was also executive vice president of the struggling home goods retailer, dove from the 18th floor of 56 Leonard Street on Friday, according to law enforcement sources.
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big concerns
According to the Federation of specialized trade, Procos, activity from January to May is very significantly down compared to the same period in 2019, at – 8.8%. Store traffic in May 2022 remained lower than in May 2019, but the decline was limited to 6.5%, much better than in April (-19.6% compared to April 2019). In a very uncertain context, several elements weigh on the profitability of companies, in particular the increase in the cost of electricity and the indexation of rents, even if the composition of the ILC (commercial rent index) has been modified. Previously it was composed of 50% inflation, 25% construction cost index and 25% change in retail turnover. From now on, it will only take into account inflation and the cost of construction because the previous formula included sales made by the ‘pure players’ of the Net, which increased the rents of physical stores.