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

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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

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Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

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