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Wednesday, August 12, 2009

Region's Shopping Malls Holding Their Own

Shopping malls in Atlantic Canada are holding their own through the economic crisis -- that's the word from John Morrison of the International Council of Shopping Centers. Morrison says shopping center sales in Atlantic Canada for the first quarter of this year are up by almost five percent -- but -- he says some retail sectors like clothing - furniture - and - building supply stores are still struggling.Morrison says there is still a period of uncertainty ahead especially with the Loonie rising in value making our exports more expensive -- he was speaking to the Atlantic region conference of the International Council of Shopping Centers underway at the Trade and Convention Center.

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