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NEWS
Purses & Totes
Retail Sales Increase?
ANY INCREASE in retail sales declined 2.5 percent.
in 2010 is welcome news, after “As we continue to see signs
what the economy has been go- of improvement throughout the
ing through. So it is good news U.S economy in 2010, overall
that the National Retail Federa- sentiment will begin to lift,
Argyles
tion is projecting retail industry making way for slight increases
sales (excluding automobiles, in consumer spending,” says
& Other
gas stations, and restaurants) NRF chief economist, Rosalind
Designs
will increase 2.5 percent from Wells. “While we still expect
last year. According to its bi- shoppers to continue to be
monthly Retail Sales Outlook, frugal with their discretionary
infl uential economic indicators spending, retailers will soon
such as the housing market and be able to reap the benefi ts
employment are beginning to of leaner, smarter inventories,
show positive signs, which will and a year and a half of pent
bolster consumer confi dence up consumer demand.” Other
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throughout the year. Total positive economic contributions
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Wells estimates, but will con-
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22 March 2010 Visit Online at INDEPENDENTRETAILER.COM
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