Report finds retail in holding pattern, identifies major trends

 In International

NEW YORK — The retail sector continues to tentatively edge toward recovery, buoyed by a strong start to the holiday shopping season; but several obstacles stand in the way of sustained progress in 2012, according to Jones Lang LaSalle’s "North America Year-end Retail Outlook."

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“Everyone, including consumers, is in a continued wait-and-see mode, delaying major buying and investment decisions until they see how several dynamics play out, including the elections next year," Jones Lang LaSalle Retail president and CEO Greg Maloney said. "Until we have some market certainty in the U.S. and overseas, plus sustained high levels of consumer confidence, driven by higher paychecks, a stronger stock market and an improved housing market, a robust recovery, will elude the retail sector." Drug Store News – Read more…
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