The bad news: Projections by TNS Retail Forward say that retail sales are expected to be weak through 2009 and not rebound until 2010.
The good news: The same projections say that when tings get better in 2010, they will go on a roll through 2013.
In the Food/Drug/Mass categories, according to TNS Retail Forward, “The FDM channels will be the least affected by the dramatic letup in retail sales growth during 2008 and 2009. However, nominal sales growth for the combined FDM channels convenience stores, discount department stores, drug stores, food service, small-format value retailers, supercenters, supermarkets and warehouse clubs—is forecast to slow to a 4.6% average annual rate from 2008 to 2013, a decline of 0.7 percentage points from the prior five-year period.”
The good news: The same projections say that when tings get better in 2010, they will go on a roll through 2013.
In the Food/Drug/Mass categories, according to TNS Retail Forward, “The FDM channels will be the least affected by the dramatic letup in retail sales growth during 2008 and 2009. However, nominal sales growth for the combined FDM channels convenience stores, discount department stores, drug stores, food service, small-format value retailers, supercenters, supermarkets and warehouse clubs—is forecast to slow to a 4.6% average annual rate from 2008 to 2013, a decline of 0.7 percentage points from the prior five-year period.”
- KC's View:
