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wonderpup

Us Retail. 47 Square Feet For Every Man, Woman And Child In The Country.

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This figure really did shock me- that every US citizen-including their kids- can claim 47 square feet of retail space each for their very own. :o

And retail is in trouble- and much of the space is leased;

The obvious implication is that unless these trends reverse, the massive mountain of operating leases behind these names will become deeply impaired, and then the great retail leverage unwind will gain powerful, unstoppable momentum. Failing chains will enter chapter 11, massive store closures will occur and mall and power center traffic will continue to decline, thereby perpetuating the viscous financial cycle already underway.

http://davidstockmanscontracorner.com/bad-trend-breaking-retail-results-not-better-than-expected-but-worse-than-ever/

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They will bet the whole state on it rather let it all go that opportunity passed in 2008.

I simply cannot believe that companies like WHSmith are not on state support, by some sneaky means, already.

Staples was name checked in the article and seriously any business wasting their working day making a special trip to a retail park to buy office supplies shouldn't be in business.

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This figure really did shock me- that every US citizen-including their kids- can claim 47 square feet of retail space each for their very own. :o

And retail is in trouble- and much of the space is leased;

http://davidstockmanscontracorner.com/bad-trend-breaking-retail-results-not-better-than-expected-but-worse-than-ever/

'It does not take much analysis to see that these bell ringers do not represent sustainable prosperity unfolding across the land. For example, around 1990 real median income was $56k per household and now, 25 years later, its just $51k—-meaning that main street living standards have plunged by about 9% during the last quarter century. But what has not dropped is the opportunity for Americans to drop shopping: square footage per capita during the same period more than doubled, rising from 19 square feet per capita at the earlier date to 47 at present.

When the aggregate level of shopping space is looked at during the above longer-term time frame, the aberration is even more apparent. At the time of the S&L fiasco around 1990 there were only about 5 billion square feet of shopping space in the nation—meaning that capacity tripled during the subsequent a quarter century. Yet this was a period when the real incomes of the middle class were essentially dead in the water. '

'Moreover, as Quinn further documents, the great baby boom retirement wave now underway—10,000 new retires per day each and every day until 2030—will perform the coup d grace. Retirees don’t go to malls in the first place, and won’t be able to afford it in any event. The statistics presented below on lack of retirement savings among the overwhelming share of the population 50-64 is truly shocking.'

When you look at the UK,it's had a simlar decline-if not worse in terms of disposable income.We've seen a corresponding rise in empty retail units and yet we haven't seen a drop in the value of retail units pushed out for sale.

Something's gotta give.

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