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. “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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5 Responses to “Retail Sales Poised to Rise This Year?”


  1. 1 Bob Greenfest January 26, 2010 at 8:57 am

    What would possess an increase in retail spending? More layoffs on the horizon, lack of credit availability, increased residential foreclosures – nothing points to consumer optimism and therefore no reason for the consumer to spend. See http://www.bobgreenfest.wordpress.com or http://ow.ly/10xGs for additional insights.

  2. 2 James January 26, 2010 at 9:56 am

    This organization has lost all credibility with me. Overall sales will continue to decline. Lots of mom and pop stores will go out, they have exhausted their reserves. We are still losing 100’s of thousands of jobs every month. People are learning to do without.

  3. 3 Dunkin'man January 27, 2010 at 12:20 pm

    I agree with the two guys above….

    The government and “industry experts” said that spending for the hoildays would rise….hohw in the world could this happen….wishing it so?

    The preliminary number seemed to side with the pundits, but the real and revised numbers reflected the truth…look at home sales without the percieved Tax Credit…..largey decline in the record books

    and unemployment revised numbers? more of the same….

    It’s bad out there; so stop tryng to lie about it….lets see what “O” sez tonight

  4. 4 James January 28, 2010 at 10:03 am

    In addition, credit card companies are recording record levels of debt repayment, so thats where the spendable cash is going. The level of distrust and cynicism concerning our financial institutions has reached unprescedented highs. Many people are cutting up their credit cards, I wouldn’t expect them to come back anytime soon. If you are a retailer the bugle call is “retreat”.

  5. 5 Market Participant January 31, 2010 at 7:44 pm

    Increases in retail spending are not going to happen. There is too much unemployment, lack of confidence and lack of lubrication (credit). If people are antsy about having a job, they aren’t going to doing much discretionary spending. Given the very high levels of pre-recession spending, I would venture that most consumers have everything they need and then some.

    I get that feeling whenever I go browsing at TJ Max/Filene’s even I see a pretty good bargain, as a rule I don’t need it since I already have the item in question.


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