A Large Luxury Urban Retail District Under the New Normal

According to my analysis, Deliberate Consumers are a powerful force under the New Normal for our downtowns (1). They, and the growing influence of e-commerce, have drastically changed our retail industry and the whole environment in which downtown merchants must operate. One of the hypotheses I derived from that analysis was that our very wealthiest consumers were the least likely to engage in more cautious and reduced retail spending both during and after the Great Recession. In turn, that should …

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