Retail store closures will peak in the first half of 2010, in addition to the 69 million square feet lost from retail bankruptcies and liquidations that began in 2008, according to CreditSights retail analyst James Goldstein.
Speaking last week at a CreditSights conference at the Sheraton New York Hotel and Towers, Goldstein also said the square footage in retail space lost to closures is the “equivalent of Macy’s shuttering half of its stores.”
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