Food Retailers Predict Flat Spending in 2010: SN Survey

NEW YORK — Food retailers expect consumer spending to remain under pressure in 2010, which in turn will hold down their own bottom lines, according to a survey conducted by SN.

NEW YORK — Food retailers expect consumer spending to remain under pressure in 2010, which in turn will hold down their own bottom lines, according to a survey conducted by SN.

More than two-thirds of retail respondents — about 68% — said they think consumer spending will be about the same in 2010 as it was in 2009. Most of the other respondents said they think spending will be marginally better than last year, and only 1.8% expect spending to improve significantly.

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