KTA speaker sees ongoing shakeout in retail arena. (W. Barger Tygart, J.C. Penney Company Inc., Knitted Textile Association convention)

From: WWD | Date: March 25, 1991 | Copyright information

KTA SPEAKER SEES ONGOING SHAKEOUT IN RETAIL ARENA

MIAMI -- "There are simply too many stores in America, so we can expect continued fallout in retailing in the year ahead," W. Barger Tygart, vice president of J.C. Penney Co. warned here Saturday.

Addressing the closing session of the Knitted Textile Association's annual convention at the Doral Country Club here, Tygart said there are now 18 square feet of shopping space for every person in the nation, about twic...

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