Wednesday, December 17, 2008

Too many retail stores in U.S.?

Is America too 'overstored'?

But not everyone sees a dead mall as a negative development.

"Our country has six times more retail space per capita than any other county," said Ellen Dunham-Jones, director of the architecture program at Georgia Institute of Technology.

"We're just cannibalizing our existing stores by building more stores even when sales aren't increasing," she said. "We were long due for a retail correction and we're going through it now."

Monday, December 8, 2008

Historically how long does a recession last

In 2000-01, it faced 8 months of recession, in 1990-91 about 8 months, and 1981-82 about 16 months. Historically, that is how long recession has lasted. But the Great Depression lasted for 3 years.