Friday, January 15, 2016
From the article on the retail sector of the real estate world, titled Back to Normal?, in the January print issue of National Real Estate Investor:
But Moore isn't concerned about the increase in bankruptcies; he's reassured by it.
"The reason we weren't seeing any bankruptcies was because no one new was starting up -- there was an absence of new concepts," he says. "As the retail sector improved, people decided to jump in with new concepts. That's why we're seeing bankruptcies: not everybody is going to win."
Must have something to do with that necessary "creative destruction" part of a capitalistic economic system.