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Made in eg
[MOD]
Keeper of the Adeptus Arbites Flame






Cairo, Egypt

Saw this in my FB feed, the Forbidden Planet in NY. I've been going there since the mid 80s, it turned me on to so many indy comics, science fiction writers, Japanese toys, and some obscure British sci fi game I forget the name of...

These days of course I can get all that and more in my pocket but I still make a point to go when I'm in NY.

I hope it's temporary.

[Thumb - 90403242_10158139813829134_1393362028764069888_o.jpg]


 
   
Made in gb
Decrepit Dakkanaut




UK

A lot of survive or fall will depend on how fast governments can provide payment support for those with staff needing wages and rent/rates and suchlike.

Meanwhile the other side of the coin is how many are going to call in for rent and rates during these tough times.


If the governments lag and if those who own properties or require payments get demanding, the it could likely close any retailers that are running either in the red or on the boundaries. Ergo anywhere that hasn't got several months worth of savings to cover everything.


Of course those who take rents don't want to lose out because they likely have their own incomes to consider, however at the same time its unlikely that eviction and getting new tenants would be easy at this time. If anything I'd wager more would be willing to work with stores to get around these issues, if just because eviction is a cost in itself and with everything shutting down its not as if they can do anything with the property anyway.


Even if they got an eviction order chances are the shut down would mean they couldn't physically remove anything.



Of course the other aspect is how long it lasts and the nature of any reactivation. Since there will likely be a lag time before consumers incomes also recover. The only bonus is that, in theory, if the infections stop and people can return to normality, the recovery period should be fairly fast.

   
Made in us
Longtime Dakkanaut





 Overread wrote:
A lot of survive or fall will depend on how fast governments can provide payment support for those with staff needing wages and rent/rates and suchlike.
I know people still waiting for promised FEMA support after their house was destroyed during a hurricane two years ago.
   
Made in us
Battlefield Tourist




MN

Very few small businesses have any savings. The margins just are not high enough. They will probably turn to insurance, but I am not sure if situations like this are even covered.

Do you like Free Wargames?
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Made in gb
Decrepit Dakkanaut




UK

 Easy E wrote:
Very few small businesses have any savings. The margins just are not high enough. They will probably turn to insurance, but I am not sure if situations like this are even covered.



UK side I think they can claim when the government told them to close down. Hence why there was some contention this last week when most expected to be told to close on the Monday, but government didn't tell them then. Resulting in 5 days where many were left confused if they could be open but basically only do take-aways (adapting to do them if they didn't do them before); throw caution to the wind and remain as normal; or close on health advice. However because it was only advice and not a mandate they couldn't claim on insurance for the latter.

With government mandating closure I believe many can claim on insurance. The question then is if the insurance companies can keep up with that many claims all at once. Granted its not a hurricane so the value per shop should be lower (I would assume); but its not a single region being affected and is instead the whole country (multiple countries for companies that trade internationally or which hold subsidiaries in different nations). So the scale of claim is vastly increased.


Again I suspect time is the biggest enemy here; the longer enforced closures remain in effect the longer the recovery lag time before people get back to normal. All resulting in an increased claim period.




And that's the real issue, how long its all going to last and at present there's really no clear picture. This isn't a simple "Close for 3 weeks and everything is fine after". There's even the risk that things close down; the infection slows; everything opens up for two weeks and things start to recover and then BAM massive infection spike resulting in a second wave of closures. Resulting in another enforced lock down and also the risk of even slower recovery the second time around as everyone is more cautious.

   
Made in gb
Servoarm Flailing Magos




United Kingdom

Some of my FLGSs have ramped-up the mail-order side of their businesses, but others have started GoFundMe's and similar to raise cash.

This message was edited 1 time. Last update was at 2020/03/20 23:36:29


 
   
Made in us
Fresh-Faced New User





I think the arrogance of government when it comes to how flexible and resistible Small businesses can be it's just devastating consequences of bad politics at this point. I have a small shop and I have gotten a few thousand dollars, which for a year I'm sorry is not enough to even pay my bills.
   
Made in gb
[MOD]
Villanous Scum







That sucks to hear but please do not necro old threads.

On parle toujours mal quand on n'a rien à dire. 
   
 
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