Aug
24

Retailers Are Optimistic About Business In 2010

By

– International Council of Shopping Centers

Seven of 10 retail executives in a KPMG survey say they expect business conditions will improve next year. The survey of 65 executives was conducted between May and July.

“The findings reflected an expression of guarded optimism among retail executives, given the industry’s challenges as demand for goods continued to plummet during the recession,” said Mark Larson, who heads KPMG’s global retail sector group. “Their optimism is in sharp contrast even with the latest report from the Commerce Department, which revealed last week that retail sales dropped in July — despite evidence that the economy has stopped contracting and that economists were forecasting a gain in sales.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.icsc.org/apps/news_item.php?id=2528

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