WASHINGTON — National Retail Federation here last week said it projects a 0.5% decline in retail sales for 2009, noting that consumer spending could increase in the second half of the year 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, an association representing the overall retail industry. “We expect a good part of the economy to contract in the first half. The ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.