Contact Us
Make My Homepage

Retail Growth May Slow in 2012 [AUDIO]

Shopping
Simon Stanmore, Getty Images

On Monday, the National Retail Federation predicted retail sales will rise 3.4% to $2.53 trillion in 2012. In 2011, sales grew 4.7%.

Brian Sozzi, Editor in Chief of the Decoding the Wall Street Journal newsletter, said the numbers show there is a continued sense of caution among consumers.

“The days of filling up the closet with spring clothes right now – those days are done,” explained Sozzi. “Especially if you don’t need the item, chances are you’re not buying it.”

The financial meltdown years ago wounded the majority of consumers, and many households across the nation have still not recovered. That was one reason offered by Sozzi for the step backward in retail numbers.

He also said inflation was a big factor.

Your paycheck is not able to be stretched as much as it used to be, said Sozzi.

The NRF prediction proved retail numbers will not spike in a straight line, and ups and downs are to be expected.

Sozzi explained the sensitivity of the retail market can be seen from month to month, and may even be seen through this month and February or March, if the weather continues to keep folks indoors.

Still, considering the dire situation retailers found themselves in just a few years ago, 3.4% growth after an increase in 2011 is nothing to frown about.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!