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News Update: Discount Retailers and Fast Food Chains to Expand in 2010

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Uploaded by on Mar 22, 2010

3/22/2010-Bloomberg reported Monday that Dollar General (NYSE:DG), Saks Inc.'s (NYSE:SKS)Off 5th outlet stores, and Chipotle Mexican Grill (NYSE:CMG) are among the discounters and fast-food chains set to expand in 2010 as U.S. consumers embrace a "new frugality," according to commercial property broker Colliers International.

"The 'New Frugality' is here for at least five years," Garrick Brown, national retail research director for Colliers, said in the report. "Necessity and off-price retailers will continue to fare best."

Job losses likely will bottom out this quarter, Colliers said.

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