Economists predict consumer spending will grow by approximately 4% in the first half of 2008 before experiencing a decline as the year continues, Smart Company reports.
Electronics – including digital cameras and flat screen TVs – overseas travel, fashion and male grooming products are all predicted to sell strongly in the first half of the year.
Categories that have been identified as facing the prospect of slowing sales are home furnishing, gardening products as well as newspapers, books and magazines.
Analysts say the second half of 2008 will see an overall decline in retail spending as a result of growing concerns about household debt.
Interesting post ! Global economic conditions have a huge impact on retail businesses , likewise sales follow ups and downs in different conditions .
Posted by: Retail Management | 25 August 2009 at 06:22 PM
Year 2008 was a disastrous for world economy. Almost all the major organizations of the world, who provide more than 50% of world employment , posted heavy lossess on their financial account. some of the filed bankruptcy. Now the signs are recovery are becoming visible.
Posted by: Retail Management | 17 September 2009 at 04:31 PM