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In today’s economy it seems that we are looking for good news, and with retail sales the economics are truly looking positive.
According to the latest annual report from the U.S. Commerce Department, total retail sales in 2011 were $4.7 trillion, which was an 8% increase of the year before. The 2011 numbers were the largest year over year increase since 1999. For retailers and brands, this indicates that an economic recovery and the retail market is on its way back to stability.
In another sign that there may be a recovery, the housing report for February showed an 8.8% increase, with stability in pricing. This gives indications that the housing market is stabilizing and creating some stability in consumer confidence.