The report attributes the success of the retail market toHouston's strong housing and job market, citing a home sales boostof 6% by June and a 2.4% job growth increase between May 2000 andMay 2001. The report puts retail occupancy levels at 90% comparedto 88% at the 2000 close.
Grocery store chains have been very active in 2001, H-E-Balready has nine stores under way, Kroger has opened two stores andRandalls has opened two stores and has up to two on the way. Thereport also mentions some significant closures such as the Weiner'sbankruptcy, the closing of six Stage Stores Palais Royals, theclosing of all of the Montgomery Ward's stores in Houston and thelocal and national closures of HomeLife.
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