WASHINGTON — National Retail Federation here yesterday said it projected a 0.5% decline in retail sales for 2009, factoring in improvements in the second half of the year that could result from increased consumer spending as a result of a massive, government-sponsored economic stimulus program. “This downward cycle will not be easy to break,” said Rosalind Wells, the chief economist for NRF. It is the first time NRF has ever projected a decline in retail sales, which it has been estimating ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.