Jan
27

No Relief in Sight for Merchants In ’09

By
– CNNMoney.com

If 2008 was brutal for retailers’ sales, 2009 will be just as turbulent, or even worse, according to an industry forecast Tuesday.

Retail industry sales – excluding those logged at automobile sellers, gas stations and restaurants – are expected to decline 0.5% this year, the National Retail Federation said in its 2009 economic forecast.

This marks the first time that the trade group has projected a decline in annual retail sales since it started tracking them in 1995, according to NRF spokeswoman Kathy Grannis.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://money.cnn.com/2009/01/27/news/economy/nrf_2009forecast/index.htm?postversion=2009012703

Be Sociable, Share!
    Categories : National News

    Comments are closed.