IRVINE, CA—“The doomsayerswere wrong.” So says Rick Chichester, presidentand CEO of locally based Faris Lee Investments, ina newly published white paper “The Case for Retail Investment in a'New Normal' Economy.” Fresh on the heels of an exuberantRECon 2014, where the retail industry was nearlygiddy over its post-recessionary recovery, the white paperlooks to ground that exuberance in facts.
The doomsayers Chichester referenced were those who declared themall and other shopping venues “on life support.” In fact, whilethere are still challenges ahead for the sector, the paper makes astrong case for retail investment.
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