Two Ways To Play: Retail Needs Therapy
Retail OutlookThe retail outlook for 2009 isn’t improving. The National Retail Federation forecasts that US sales will likely drop 0.5% below last year’s level. According to the Wall Street Journal Rosalind Wells the federation's chief economist expects a 2.5% decline in sales in the first half of the year a 1.1% drop in the third quarter and a 3.6% increase in the fourth. Believe it or not her forecast may be overly optimistic: It doesn’t include data from automobiles gasoline and restaurants. For more on the broader economy see Professor Kevin Depew’s Five Things You Need To Know. From the Bull Pen: ...
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