Sad to say, there is no surprise here. What is frightening is the number of power center vacancies due to the recent liquidations: Goody’s, Linens ‘N Things and now Circuit City. And are there any growing specialty box tenants to take their place?
Now small upscale specialty retailers are announcing store closures. Women’s Wear Daily announced today that Harold’s, an upscale men’s and women’s specialty apparel store (think Talbot’s and Talbot’s Men) will close their 41 existing traditional stores as well as their two outlet locations. Watch out! January and February are going to be a bloodbath with […]