As the economic recession continues, many Americans are cutting back on the purchase of non-essential items. As a result of consumers spending less, and department, clothing, and other specialty stores are finding the current economic client tough to survive.

Today’s consumer is looking for frugal options to help them manage their shrinking household budget. On our site, we closely monitor the types of new store openings being registered through our retail startup calculator and new store opening guide sign up forms. At NewStoreOpening.com, we were not surprised to find that the most popular store types being opened are dollar/discount and thrift/consignment stores. The most critical decision a new retail business owner may make is no longer location but instead what type of store to open.

According to a recent online article from Retail Traffic Magazine, it is estimated that 12,000 to 14,000 retail stores are predicted to close in 2009. While this data may act as a deterent to many individuals or companies planning to open a retail store, many others will see this as an opportunity to jump into the retail market.   With vacancy rates expected to reach up to 17% in 2009, many landlords with an abundance of empty retail space will feel the pinch. Existing retail businesses should consider renegotiating their current lease. For many who are opening new stores, you will be able to find space available with more attractive lease rates and options than are typically found.  Don’t be afraid to ask for extra incentives to sign your lease, many landlords will be more than happy to do what is necessary to finalize a deal.