Cushman & Wakefield report reveals post-recession retailer opportunities.(INDUSTRY NEWS & NOTES)

Cushman & Wakefield, Inc., AMO*, recently released a business briefing on U.S. retail opportunities entitled, "When the Storm Passes." The report outlines substantial opportunities for retailers studying the market, intent on gaining enhanced market share by capitalizing on landlord pressure to fill space.

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According to the report, more than 130 million square feet of big box space in the United States has gone dark since the beginning of the recession due to store closings and bankruptcies. While significant retail sector challenges persist, there are early signs of stabilization in key areas. Consumer confidence in April reached its highest level in seven months. At the same time, consumer spending registered a 2.2 percent upswing. In addition, annualized spending growth improved during each month of the first quarter, with growth in March at its highest level since 1985.

However, the report said substantial improvement in consumer spending will be necessary to moderate the rise in vacancy. Cushman & Wakefield's analysis suggests that a sustained increase in consumer demand will provide retailers with a unique opportunity to absorb vacant space in high-productivity locations.

For more information on the Cushman & Wakefield business briefing visit www.cushmanwakefield.com.

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