Nov
25

Wants vs. Needs Shape Retail Outlook

By

– National Real Estate Investor

To adulterate a Rolling Stones lyric, consumers can’t always get what they want, but they just might buy what they need. That characteristic of economic down-cycles explains why some retailers – and their landlords – will perform better than their neighbors this winter as the nation gropes its way through what is expected to be several quarters of recession.

Retail performance in the near term will be bifurcated between stores that cater to discretionary spending and those that sell basic necessities, according to a report published today by Colliers International, a global real estate services firm. “For the near term, retail sales will be divided between these two very different camps,” contends Ross Moore, Colliers’ executive vice president of market and economic research.

“Discretionary spending will be characterized by declining sales and store closures,” Moore writes in the company’s biannual Retail Real Estate Report. “Low-end retailers and discount retailers, however, continue to make steady gains.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://nreionline.com/property/retail/wants_needs_retail_1125/

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