Jan. 14 (Bloomberg) -- Sales at U.S. retailers may increase at the slowest pace in six years in 2008, an industry retail group predicted, as cash-strapped consumers reduce spending on jewelry and electronics.
Sales might increase 3.5 percent this year, slowing the first six months, and then accelerating later on as the economy improves, the Washington-based National Retail Federation said today in a statement. ...
"In 2008, the challenges will be formidable for everyone, "NRF Chief Economist Rosalind Wells said in the statement. "Retailers will once again be forced to market to more practical consumers, many of whom will be looking to trade down."
A 3.5 percent gain would be the slowest since 2002
- SLOW BUT NO A RECESSION.
- AND JACK WELCH AGREES: HE SAYS THERE WON'T BE A RECESSION - BECAUSE OF EXPORTS; (video).
THE ONLY WAY EWE GET A RECESSION IS IF THE LEFTIST/PRO-DEMOCRAT MSM GETS THEIR WISH, AND THEY'RE WORKING OVERTIME TO MAKE IT COME TRUE.
- THEY WANT A RECESSION TO HELP THE DEMS BEAT THE GOP.
- THE WAY THEY'VE ROOTED FOR DEFEAT IN IRAQ, THEY ROOT FOR RECESSION AT HOME.
- MSM = TRAITORS.
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