Long-Term Leases: Bogeyman For Struggling Retailers

From the Wall Street Journal: "Friday could be black for retailers in more ways than one. Traditionally it is the day that retailers start to break even for the year. This time it could be the moment when some accept reality and start making plans to scale back. For those that do, there is a serious concern: exposure to long store leases. That can become a real problem for retailers cutting expansion plans and closing stores, many of which are leased for 10 years or longer."