Jax holds retail opportunity despite a troubling 2009

Gary Montour

JACKSONVILLE - Retail businesses as a whole are hurting - like many businesses throughout the country hit by the latest recession. During the last recession in the late ’80s and early ’90s, there was tremendous overbuilding in the retail market. The current down cycle seems to be driven by people overspending, people buying assets that they never should have, and the overall backlash in the financial system from the housing market turned into an investment-oriented nightmare.

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