Looking Forward to a "Non-Recession Holiday Season"

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.