Tuesday, March 25, 2008

Scary times for retail landlords?

That's what this USA Today story (via AOL) implies. The list of retailers on credit watch is a veritable Who's Who of the industry, including "Eddie Bauer, Sbarro, Guitar Center, Blockbuster, Six Flags and Linens 'n Things." I saw a number of other big names there too.

That's the bad news. Let's not forget that some people have been predicting the demise of some of these companies forever, and it hasn't happened yet. This does not mean there will be more trimming, bankruptcies and store closings like we've seen with Wickes, Sharper Image and Bombay Company, but let's not assume every company on the list is a goner, either.