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Frugal is fashionable [electronic resource]

By: Language: English Publication details: London Cushman and Wakefield 2008Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: 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.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 145954-2001

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.