Oct
28

National Chains Are Closing Plenty of Stores but Some Signs Point to a Turnaround

By
– Forbes

The recession has hit retailers hard. Big box stores such as Circuit City and Linens ‘N Things went bankrupt. Small businesses have laid off workers. Among national retailers, store openings are falling across the board while firms plan to shutter a hefty number of storefronts.

While shopkeepers remain cautious, their landlords say business may be picking up. Rents have recently stopped falling and tenants have gotten more optimistic in the last three months, reports analyst Rich Moore of RBC Capital Markets. Some chains may sense opportunity amid the downturn: vacant spots in top shopping districts and malls and a chance to seize customers from rivals. A handful of businesses are still growing rapidly.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.forbes.com/2009/10/27/retail-store-closings-markets-equities-reits.html
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