U.S. retailers reported earlier this month the smallest increase in monthly sales since November, with teen-clothing retailers Abercrombie & Fitch Co. and Aeropostale Inc. dragging down results.
Despite the sluggish commercial real estate market, three of the valley’s premier malls – Fashion Show, Town Square Las Vegas and The District at Green Valley Ranch – are welcoming a high-profile assortment of new local and national retail and restaurant tenants, some of which are making their initial foray into Southern Nevada.
While the Las Vegas Valley’s economy, especially the job market, continues to struggle, and the recovery is likely to be slow, there are growing signs we may be have reached a bottom.
