Connect With Us


"The U.S. retail could lose one out of every 10 stores"


Bleak news in this Reuters report.

Growth in consumer spending over the next several years will be about 1 to 1 1/2 percentage points less than the 3.5 percent clip during the decade ending 2007, it said.

That slowdown could lead to a slow and long recovery, and change the outlook for capital markets in the years to come, especially retail and other consumer-oriented securities.

Investors do not appreciate yet how long the downturn in the U.S. retail industry may last, said Shawn Kravetz, president of Boston-based hedge fund Esplanade Capital LLC.

"We don't think that people have fully factored in this general level of malignancy going on for a year, 18 months, maybe two years," he said at the summit.

The consumer recession will be so "deep and brutal" the U.S. retail industry could lose one out of every 10 stores in coming years, Kravetz said.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.


Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×