Tuesday, September 01, 2009

Retail security indicators "Economy looking up"...

Many signs in the retail security loss prevention world indicate that the economy may be looking up. Major retailers are still looking to open stores in 2010. While many box stores both small and large pushed off plans for average growth in 2009, the same is not holding true for 2010 at this point. Many national retailers are sticking to their guns and following through on store openings planned for next year. Oddly enough some banks, which are at the center of the global financial crisis, are finding themselves unable to turn away from long term leases at these price levels. With desirable high traffic neighbors like TD bank staying on track to open in local centers many retailers are unwilling to give up what will be prime locations in a better economy. It seems that retailers with any financial wherewithal are betting on the future. Let’s hope that retail can find its footing in 2009 and resume upward movement in 2010.


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