While most retail real estate insiders feel the worst of the downturn may be over for the industry, one notable contrarian claims we might be in the midst of it. In an interview yesterday, retail consultant Howard Davidowitz pointed to the troubles now facing big box retailers like Walmart and Target as proof that the retail real estate sector is still ailing. The big boxers missed analysts' earnings expectations in recent months and have been looking outside the U.S. for growth potential. For more on retail and retail real estate, follow the links below:
- Bouncing Hard Along the Bottom: Bankers' Eye View of CRE (CoStar Group)
- In Construction, More Spending Can Also Mean Less (The New York Times)
- Borders May File Chap. 11 (The New York Post)
- Sandeep Mathrani Joins General Growth's Board of Directors (Citybiz)
- Aldi Planning to Add Up to 100 New Stores Around Country (Chicago Sun-Times)
- Costco May Expand Business (Supermarket News)
- Every 'Penney' Counts: Plano-based Retailer Restructures (Plano Star Courier)
- ShopRite Jockeys with Walmart for Brooklyn Site (Crain's New York)
- Dick's Sporting Goods to Double in Size, Open New Maryland Stores (Citybiz)
- Anthropologie Sets Date for Wedding Line Launch (The Big Fat Marketing Blog)
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