NEW YORK (CNNMoney.com) — As the recession leaves more retail casualties in its wake, rising store bankruptcies and mall closures could have devastating economic consequences.
As more stores exit malls, vacancies in regional malls could rise past 7% by year-end, a level not hit since the first quarter of 2001, according to real estate research firm Reis.
Major cities across America will be affected, said David Birnbrey, Chairman and co-CEO of Atlanta-based The Shopping Center Group, a retail real estate services firm.
Both Birnbrey and Susan Wachter, professor with University of Pennsylvania’s Wharton …

Born out of the so-called “American Dream”, Gatsby looks to the likes of F. Scott Fitzgerald’s “The Great Gatsby” as its theme involves building something out of nothing with a “whatever it takes” attitude. With a strong background in the industry, Gatsby founder PEL applies both his own experiences growing up in NYC alongside his industry-derivedlessons. Available now at select Gatsby dealers and online at GatsbyNYC.com.

Making his second appearance on Saturday Night Live, Kanye West featured alongside “House” star Hugh Laurie, premiered some further looks from this upcoming Pastelle clothing line. We get a glimpse of a tonal yellow embroidered crew neck as well as a tiger jacket during a performance which can be seen of after the jump!

Here is a pair of Air Jordan XX3 for the serious sneaker heads out there. This color is going to be EXTREMELY limited, so don’t get your hopes up. Word is that only 23 stores in the entire country are going to have this shoe for sale and each store will only get 23 pairs. Oh, and it comes out on the 23rd of this month. Do you see a pattern yet?
Happy Hunting!!

By. Sixteen Bars
With the Holiday Season upon us and everyone trying to save money on gifts.   I thought it was a good Idea to post articles to make sure you actually save money and not get RIPPED OFF!!!  Here is an article for you Ebay shoppers.
Hello Ebay!
I am a Shoe collector that focuses mostly on Exclusive shoes from Jordans To Air Maxs To Bapes.
I am a member of both ISS and NT and if you are questioning a shoe and would like my help or the help of ISS/NT …

New York City-based label Reason Clothing has opened their doors to Manhattan’s East Village. The shop, located at 206 East 6th Street, is situated in a historic Cooper Square storefront, featuring the brand’s private label collection as well as an exclusive in house line of t-shirts, hats, and woven apparel. Being the first retail endeavor for owners Philip Bassis and Jonathan Price Totaro, the opening is a true labour of love coming into fruition. Be sure to stop by if you’re in town.
REASON
206 East 6th Street
(Between 2nd Ave. and Cooper …