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Futterman says bookings off 10 percent

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While many retail real estate experts are bracing for a rocky holiday season, Robert Futterman, CEO of Robert K. Futterman & Associates, believes this year could be better for city shops. “It’s better than last year at this time, I’ll tell you that much,” Futterman said. “We’ve actually had an incredibly good last couple of months.” But, he expects the company “to maybe be 10 percent off from last year — and I’m talking about bookings because you have to remember it lags.” Futterman said that traditional retail “hot spots” like Times Square, Soho, Union Square and the Upper West Side are likely to remain as such in the near future, with the Union Square footprint expanding.

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