Retailers Look to Pare Back Space; Apple As a New York Landmark (Tuesday's News & Notes)
Tue, 2010-03-23 19:02
A big theme in coming years could be retailers looking to cut back on their store sizes while simultaneously looking to reduce rental rates. That's at least the conclusion you would draw from two stories in today's roundup.
The Wall Street Journalexamined an interesting trend of mall retailers trying to shrink their existing stores as a way of coping with the more challenging consumer environment.
Commentary from the Bank of America Merrill Lynch 2010 consumer conference posted at Calculated Risk reveals that retailers, even when not closing stores, are going to be looking to cut lease rates as their contracts expire.