LAS VEGAS — The retail and shopping center industries may be down in the dumps, but some companies are looking on the bright side and still expanding.
Even as the recession has some developers’ backs against the financial wall and is forcing many projects to be delayed, there is a slew of new retail concepts emerging and developers are starting to talk about building new shopping centers again. Much of the expansion activity is coming from the hottest sector in retail right now — value retailers — including Dollar General, which is opening 450 stores this year and renovating or relocating 400 units. Dress Barn plans to roll out 40 namesake units and 50 Maurices stores in 2010, and new prototype concepts will bow in the next six months.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"