Will this recession ever end? Every industry has been hit hard by the turn in economic events over the past few years. We have seen beloved boutiques, stores, restaurants and corporations struggle and in turn shoppers have reigned in what they buy- whether they have money or not.
After what seems like an extremely long time reports are showing an increase in shoppers and spending again! “New figures- showing an improving job market, rising factory output and increased retail sales are suggesting consumers are no longer restricting their budgets to food and medicine”. New York Times
The mood in the air has changed too- As if overnight the air of caution and worry has gone to optimism and even excitement for consumers and retailers alike. A study by SpendingPulse/MasterCard Advisors showed the sales of Luxury Goods were up 22.7% from March 2009 and Home Furnishings, Furniture sales we up 13.8%. This is good news considering “consumer spending accounts for more than two-thirds of all economic activity in the United States” New York Times
This is all good news- consumers are spending money and there are good vibes in the air!
Posted by martdesigncenter 
