The U.S. consumer may have been put on ice in the first quarter of 2014, but retail fundamentals are strong and appear likely to improve. The recent slackening of retail sales growth has not undone the work of the past three years, when sales grew by an average of 5 percent per year. In fact, retail sales per capita now stand 8 percent higher than before the recession, and given the dearth of new construction, average sales per sq. ft. at retail properties are 11 percent higher. Retailers ...
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