Some of the major luxury stores in the United States, specifically in the wealthy areas of Beverly Hills and SoHo, were reportedly looted and vandalized as a rout of demonstrators flood the streets of Beverly Hills.
In SoHo, one of the most expensive neighborhoods in the US, many luxury stores were already boarded up due to closures amid the coronavirus pandemic. While the pandemic did not cause the rampant looting many expected it might cause, vandalism escalated following protests over racial injustice and the death of George Floyd at the hands of a Minneapolis police officer.
Big-box retailers like Target, small businesses, and mom-and-pop shops are also being targeted by looters. But the specific targeting of luxury stores highlights the economic tension brought forth by the rising inequality in the United States. In the past three months, 40 million Americans filed for unemployment due to coronavirus-related layoffs; meanwhile, CNBC reported on May 21 that America's billionaires had collectively become $434 billion richer. #protests #pandemic #soho #beverlyhills #layoffs #target
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