Retailing Summit Participants Predict More Store Closings; Commercial Real Estate Guru Says Prices Have Bottomed Out (Monday's News & Notes)

The recession and the credit crunch may be easing a bit, according to recent indicators, but there is no doubt we are still on stormy waters. It seems many retail professionals don't think the avalanche of store closings we witnessed in the first half of this year has come to an end. According to participants in Texas A&M University's Retailing Summit, we are seeing a temporary pause, but more closings are almost a given. Especially when we take into account that various sources are predicting flat same-store sales growth this holiday season.

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