With retailers in the West taking a beating, GPs are eyeing recession-resistant investments. The outlook is less bleak in the emerging markets. And distressed retail is in fashion for those with cash in their wallets. PERE Magazine December 2008/January 2009
New York City's Fifth Avenue may be ringing in the holidays with a little less lustre this year, with retail sales at an all-time low and consumer confidence showing no signs of picking up.
In fact, retail as a sector isn't expected to be decking the halls with bows of holly anytime soon.
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