The National Retail Federation predicts a better year in 2010. The trade group says retail sales will increase 2.5% this year over the 2.5% drop that took place in 2009.What is the cause of the improvement? A perceived upswing in the job and housing markets.However, the association isn't overly optimistic. "We're not going to have a V-shaped recovery in the economy, and we won't have a V-shaped recovery in consumer spending or retail sales," NRF economist Rosalind Wells told Reuters.Do you see a turnaround this year or another dismal sales season?ALSO:Borders' Vendor-Payment Accusations the Least of Its Problems
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.