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Bankruptcy Strategy
Industry insiders are predicting an un-merry holiday season for retailers.
Sep 11, 2008 Chain Store Age SiteTalk
"We think it will be terrible," Ivan Friedman, president and CEO of RCS Real Estate Advisors told SiteTalk. "We don't see any change in economic conditions until the third quarter of next year."
Based in New York City, RCS helps retailers evaluate their real estate portfolios, shed underperforming stores and trim occupancy costs. The company also provides services to retailers looking to grow.
Friedman believes retailers should plan for bankruptcy before filing.