NEW YORK CITY-No one at the International Council of ShoppingCenters annual national New York Conference says that we arereturning to the heady days before the recession. If plannedretailer expansion and a renewed sense of optimism are indicators,though, this real estate sector is definitely bouncing back.
“We believe the worst is behind us,” said Dana Telsey, CEO ofretail research firm Telsey Advisory Group. “It’s not like it’s offto the races, but compared to 2008 and 2009, it feels better.”
Telsey said that many retailers are operating more efficientlythan they were in the past, leading to better margins. Their stockprices are also doing well, outperforming other industries as awhole. These improvements will lead to an increase between 4% and4.5% in holiday sales this year, she said.
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