A big theme in coming years could be retailers looking to cut back on their store sizes while simultaneously looking to reduce rental rates. That's at least the conclusion you would draw from two stories in today's roundup.
- The Wall Street Journal examined an interesting trend of mall retailers trying to shrink their existing stores as a way of coping with the more challenging consumer environment.
- The Moody's/REAL Commercial Property Price Index climbed 1 percent from December marking the third straight month the index has posted a gain.
- Commentary from the Bank of America Merrill Lynch 2010 consumer conference posted at Calculated Risk reveals that retailers, even when not closing stores, are going to be looking to cut lease rates as their contracts expire.
- ICSC spent $211,914 in the fourth quarter lobbying the government. The issues the group pursued involved taxation and other issues.
- Saks CEO Stephen Sadove said during Citigroup's Retail Conference that the retailer may shutter stores, according to TheStreet.com
- On the lighter side, a new study reveals that Apple's Fifth Avenue store has become the fifth-most photographed landmark in New York City.