Americans’ Standard of Living Permanently Changed: Tech Ticker, Yahoo! Finance

Amazing number: 19.5 square feet of selling space per American consumer!

About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on “life support,” Davidowitz says. 

via Americans’ Standard of Living Permanently Changed: Tech Ticker, Yahoo! Finance.