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 ...
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