Subprime woes have slowed residential growth, but some markets are calling for more stores
The subprime mortgage crisis has come to roost for retailers relying on new stores for growth. The slowdown in home sales has slowed migrations to places like Florida, which for years was a sizzling market for new homes and the retailers who followed them there or anticipated their arrival. “The Baby Boomers, which really are all coming of age right now, can't get down to Florida or anyplace else because they can't sell their [current] house,” Herbert Zarkin, chief executive officer of BJ's ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.