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.”

Read the rest of the article here.