Where’s The Market?
Experts give their opinion on where the market is, and when it will be back.
By Jill Bensley and Erica Barton
It’s been a while since we’ve heard any good news from the retail sector in the United States. You don’t have to be a genius to know that same-store sales have been declining at an increasing pace, and 2009 is a banner year for bad karma.
Figure 1 shows the percentage change of comparable store retail sales in current dollars from 1986 through 2008, according to ICSC. Throughout the late 1980s and early 1990s, annual change kept pace with inflation and in some years outpaced inflation by several percentage points, peaking in 1999, at 6.7 percent. Then came the 9/11 terrorist attacks and the rate of increase reverted to a slower pace for the next 6 years…(to read more, go to: Shopping Center Business)
Posted using ShareThis
You must be logged in to post a comment.