Mktg 3340 - Retail Sales

Monica Castaneda

MKTG 3340

January 17, 2007

Riper, Tim Van, “Retail Sales To Slow In ’07,” Frobes, 1/17/07, 1

Article Summary

In retail sales, there is an expected week finish to complete the end of the holiday season due to the lazy housing market and slow economic growth. The National Retail Federation chief economist says there will be a “sideways” economy this year, and this does not include gas prices and restaurants. There was a strong first half and a slow second half of the 2006 retail year and seems to be reverse for the upcoming year.

There was a 26% increase with online sales from a year ago which was also an increase from the previous year. Also seems to be an increase in high end items verses discount stores such as Wal-Mart and Costco. An increase in shipping company websites like UPS and FedEx