According to the National Retail Federation, January retail sales were unexpectedly high. This can be attributed to the large number of sales and beginning of the year discounts given out by stores. Retail stores excluding automobiles, gas stations, and restaurants, have seen positive increases in sales. Budget conscious consumers have spent far less this January as opposed to last January, but sales from December to January have increased. It is said that it may be hard for retailers to maintain this momentum, but by the fourth quarter, many should see positive growth.I truely believe that this increase in sales is due to the large amount of discounts given by stores. It is hard for me to pass up a good sale so, if I'll spend for a good sale, it is only safe to assume that others will too. I hope that this slight growth in spending will continue to boost our economy. More sales and more growth in the economy will mean more jobs available to me upon graduation.
Article found at: http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=671
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