News for retailers - and especially retail real estate - continues to get worse. The rotten housing market and rising employment are pushing consumer spending down. Retailers are shuttering stores and heading to the bankruptcy court in record numbers. This week it was JJill, Eddie Bauer and RUEHL. Which retailers will it be next week? And there's a tidal wave of commercial real estate loans due for maturity in the next two years.
Seeking Alpha sums up the pain with an article about how to profit from the fallout. The unhappy answer is: go short on mall REITs.
Now the good news: Trader Joe's will open August in Larkspur! Yay!