shopping

The bursting of the retail bubble that we discussed on Monday continues, and at a faster pace than expected. Mall vacancies reached a 10-year high in the fourth quarter of last year, Bloomberg reports. Things are only expected to get worse, according to research firm Reis Inc.
From Bloomberg:
Regional mall vacancies rose to 7.1 percent last [...]

The rise of online discounting, layaway programs, the reluctance of stores to haggle and, most important, the economic crisis could make this year’s Black Friday a dismal shopping day. But some analysts say that what has become for many consumers a ritual of the holiday season will keep cash registers busy.