Looking Forward to a "Non-Recession Holiday Season"
October 4, 2009 by Christian Stegmaier
A retail industry report released last week predicted holiday sales will gain in 2009, a year after falling some 5 percent in the first industrywide decline in 40 years.
“Retailers will experience their first non-recession holiday season in three years,” said, Michael Niemira, chief economist at the International Council of Shopping.
Let’s hope for our retailers it will be a good one.
in reference to:
– Finally, a ‘non-recession holiday season’ – Business – The State (view on Google Sidewiki)
About Christian Stegmaier
Senior Shareholder
Christian Stegmaier is a shareholder and chair of the Retail & Hospitality Practice Group at Collins & Lacy in Columbia. He is also active in the firm’s professional liability and appellate practices. Stegmaier welcomes your questions at (803) 255-0454 or cstegmaier@collinsandlacy.com.