Retail Recovery

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Retail Recovery Will Be Rocky, Edens & Avant CEO Predicts

Source: nreionline.com

"Terry Brown could never be accused of being pollyannish about the health of the U.S shopping center industry. The chief executive of Edens & Avant says America is over-retailed — “we don’t need 25 square foot of gross leasable area per person in the country, that’s ridiculous” — and that a stubbornly high unemployment rate of 9.9% nationally threatens sustained growth in retail sales."

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This looks right on target to what has been developing in the marketpace.

- Matthew Kells | Flag this comment for review

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