Retailers respond as people return to the cities

12/30/2012 | Forbes

The 1970s and '80s trend of fleeing cities for suburbs has begun to reverse as consumers look to cut their dependence on cars and opt for the convenience of urban areas, writes senior retail analyst Walter Loeb. Retailers from Wal-Mart and Target to Nordstrom Rack and Whole Foods are following suit, shifting gears from big box suburban stores to new, smaller urban footprints.

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