Retail Sales Will Remain Weak: Study

Sales for the food, discount and mass merchandise channels are projected to increase 2.4% this year — a decline from the 5% inflation-adjusted average growth rate for the years 1998 and 2008, according to a report by PricewaterhouseCoopers and Retail Forward.

NEW YORK — Sales for the food, discount and mass merchandise channels are projected to increase 2.4% this year — a decline from the 5% inflation-adjusted average growth rate for the years 1998 and 2008, according to a report by PricewaterhouseCoopers here and Retail Forward, Columbus, Ohio.

The report said supercenters and warehouse clubs are expected to generate the strongest sales growth this year, while supermarkets and discount department stores are likely to be the weakest

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