Headlines

Here’s Why Retail Sales Could Be Getting a Boost in the Months Ahead

Published

8 years ago

July 29, 2016

There are some promising signs for consumer spending.

Citing several positive economic indicators, The National Retail Federation raised its full-year sales forecast to 3.4 percent growth from 3.1 percent, CNBC reports. The NRF, the article explains, said improvements in the housing market, job growth and higher wages are three factors that should boost consumer sentiment in the coming months. The group is also upping its projections for online sales, calling for a 7 to 10 percent increase compared its prior forecast of a 6 to 9 percent increase.

“Economic indicators are showing positive trends for retail,” NRF President and CEO Matthew Shay said in a news release. “Challenges remain, with some greater than others depending on the retail category, but consumer confidence remains high.” Those challenges seem greater for department stores, as sales last month decreased by 3.7 percent compared to last year, the article adds.

Read more at CNBC

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”