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Communication Is Key in the Recession

LAS VEGAS-Companies are going back to basics in a tough economy, say speakers at ICSC's RECon conference.

By Debra Hazel | Updated on May 19, 2009

LAS VEGAS-Communication may be one of the keys to helping retailers and developers cope with the current economic situation, said speakers at the first full day of the International Council of Shopping Centers’s RECon convention here. But that doesn’t mean that the downturn won’t take quite some time to work out.

The dramatic change in industry fortunes from last year’s event was noted by James E. Maurin, chairman of Covington, LA-based Stirling Properties, moderating a session at the Las Vegas Convention Center on how the crisis evolved and what lies ahead.

“A year ago, we knew we had some issues,” said Christopher Niehaus, a managing director of Morgan Stanley, New York City. “But in September, we experienced the collapse of the U.S. financial system.”

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