David Kirkpatrick

December 28, 2008

2009 — a year of hurt for retail

Filed under: Business — Tags: , , , — David Kirkpatrick @ 6:36 pm

All aspects of retail.

From the WSJ link:

As retailers count their takings, it is becoming clear that consumers took a holiday away from retail land. And broad trends, such as free-falling house prices and rising unemployment, point to a dismal 2009 for anyone in the business of flogging stuff on shelves.

The same goes for the companies that rent them floor space. Real-estate investment trusts operating U.S. malls are especially exposed. Tighter credit has turned the screws on a sector with almost $23 billion of debt maturing over the next two years, according to real-estate consultancy Green Street Advisors, and an aggregate market value of just $17 billion. No wonder that, on average, mall REIT stocks look set to close 2008 down almost 60%.

1 Comment »

  1. Hi there, I enjoy reading all of your post. I wanted to write a little comment to support you.

    Comment by Felipe — September 13, 2012 @ 4:51 am

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