Question
A shopping center consists of a dozen stores. CVS Pharmacy and Kohls Department Store are anchor stores at each end. Dollar Tree and nine other
A shopping center consists of a dozen stores. CVS Pharmacy and Kohls Department Store are anchor stores at each end. Dollar Tree and nine other stores are located in-between. Before the start of the pandemic total revenue for the shopping center was $10 million a month. CVS and Kohls each did $2 million a month, Dollar Tree $1.5 million a month and the other stores $0.5 million a month. Now, two of the stores have closed and filed for bankruptcy. When the shopping center reopens, CVS and Kohls expect to reach 50% of their pre-pandemic revenue, Dollar Tree to reach 80%, and the other stores to reach 20% within three months. What is the expected total shopping center revenue three months after reopening?
4.1M$ | ||
3.2M$ | ||
5.0M$ | ||
3.9M$ |
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