New York Retail Turns ‘Darwinian'

From GlobeSt: "'We’re entering something of a Darwinian period for retail,' said Joshua Podell, vice president of real estate at Jones Apparel Group. He predicted a 'very rough' 12 months ahead, as did Patrick Breslin, president of the Eastern retail group for Grubb & Ellis. The assessment by Stephen Ifshin, chairman and co-founder of DLC Management Corp., was along similar lines: 'Only the strong will survive.' Further shakeout among retailers is ahead of us, he said, and Breslin said this holiday selling season will be make-or-break time for many marginally-performing stores."

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