Don Wood Says Retail ‘Absolutely Sucks’ Right Now, But Profit Is Possible
It is a bad time to be a retail landlord, according to Federal Realty Investment Trust president and CEO Don Wood, but that will not stop the smartest businesses from turning a profit.
“It sucks. It absolutely sucks. This is a really, really tough time to be in retail real estate,” he said at Bisnow’s National Retail Series event in Manhattan on Tuesday. “Everyone involved knows it.”
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