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January 16, 2007
NRF Predicts Sales Slowdown In 2007
Retail sales are expected to grow by 4.8% in 2007, slower than last year’s 6.8% gain, according to the National Retail Federation. The trade group predicted sluggish sales for the first half of 2007 with a pickup in the second half of the year.
Consumers will be affected by a weak economic environment, although the luxury and online shopping sectors will continue to thrive, the group said.
Posted by Blacks on January 16, 2007 10:23 AM
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