RETAILERS EXCITED ABOUT SALES ACTIVITYIt may seem like years since there was something to get excited about, but retail sales could be one of the bright spots for 2010.
Our take:
Even if it seems a little incredible to believe, analysts believe that this could be the strongest retail season on record. Customer Growth Partners stated that this year could surpass a record established in 2007 of more than $508 billion in holiday sales. Current trajectory would show that online retail sales were to grow nearly 14 percent for the season while brick-and-mortar sales were up nearly 10 percent. These views are more aggressive than others offered over the last several weeks, and considerably more positive than the actual government figures on retail sales. But the optimism that it gives to the broader economy is likely to be significant. Full Story.....
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