NEW YORK CITY-Cassidy Turley’s November 2012 U.S. Retail Report makes the bold statement that the sector will fully recover this year. Fortunately, the company has supporting data to corroborate this. For instance, retail sales are on track to finish 5.5% up from last year’s figures, and growth at the high and low end of the retail spectrum - literally, from Whole Foods to Family Dollar – presents further encouraging signs that things are on the right track. Additionally, Cassidy Turley reports that sales of motor vehicles, clothing and accessories, electronics and appliances have all registered steady gains since July.
Consumers are ready to go shopping. At least, that’s what the numbers and Cassidy Turley chief economist Kevin Thorpe say. “I would say that 2012 was the year where parts of retail came back…it mostly links back to a healthier consumer.” These “healthy” consumers will have plenty of opportunity to spend and hit the 70 new Whole Foods stores expected to roll out over the next year nationwide, or save a buck or two at the 500 new Family Dollar outlets coming in 2013. Further, the Consumer Confidence Index, highlights this, registering figures up from 68.4 in September to 72.2 in October. This statistic is its highest level in nearly five years. Despite the fact that many have felt it is far too soon to be hearing carols and seeing Christmas d
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.