November 23, 2009 All eyes on the consumer
The next few weeks are extremely important to retail sales, a key indicator possibly signaling a recovery from the recession. The months of November and December are critical to for retail merchants, many retailers account for around 50% of their annual profit during this two month period. Last year retail sales declined by 3.4% during the months of November and December. The forecast for this year is around a 1% decline (which is around 20 to 30 billion less in sales from 2006 and 2007).