Frugal is fashionable [electronic resource]
Frugal is fashionable [electronic resource]
- London Cushman and Wakefield 2008
Reports that the financial crisis is hitting the US retail sector hard; vacancies are rising, rents are falling, bankruptcies and redundancies are increasing. Finds expansion plans delayed and investment activity significantly reduced, with investment volume in the third quarter at its lowest level since 2001. However, argues that retail is unique among commercial real estate sectors in its ability to reinvent itself when consumer tastes change: being frugal has become fashionable as retailers respond to the current economic climate.
Asia
333.33 $2 18
Reports that the financial crisis is hitting the US retail sector hard; vacancies are rising, rents are falling, bankruptcies and redundancies are increasing. Finds expansion plans delayed and investment activity significantly reduced, with investment volume in the third quarter at its lowest level since 2001. However, argues that retail is unique among commercial real estate sectors in its ability to reinvent itself when consumer tastes change: being frugal has become fashionable as retailers respond to the current economic climate.
Asia
333.33 $2 18