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NEWS
Retail Sales Increase?
ANY INCREASE in retail sales “As we continue to see signs
in 2010 is welcome news, after of improvement throughout the
what the economy has been going U.S economy in 2010, overall
through. So it is good news that sentiment will begin to lift,
the National Retail Federation making way for slight increases
is projecting retail industry sales in consumer spending,” says
(excluding automobiles, gas NRF chief economist, Rosalind
stations, and restaurants) will Wells. “While we still expect
increase 2.5 percent from last shoppers to continue to be frugal
year. According to its bi-monthly with their discretionary spending,
Retail Sales Outlook, infl uential retailers will soon be able to reap
economic indicators such as the the benefi ts of leaner, smarter
housing market and employment inventories, and a year and a half
are beginning to show positive of pent up consumer demand.”
signs, which will bolster consumer Other positive economic
confi dence throughout the year. contributions will come from
Total industry retail sales for trade, especially strong exports,
2009 declined 2.5 percent.
continued on page 68
66 March 2010 www.MerchandiserGroup.com
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