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Retail Sales Poised to Rise This Year?

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....

By Ian Ritter | Updated on January 26, 2010

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

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