Thursday, August 28, 2003

Survey: U.S. retail executives more optimistic

"U.S. retailing executives are feeling more optimistic that the sector is finally on the mend after months of disappointing sales, according to a survey released Wednesday."

[...]

"Consumer spending accounts for two-thirds of U.S. economic activity, so analysts and economists watch shopping trends closely. Spending held up relative well during the recent recession, but many retailers missed out as people bought big-ticket items such as cars instead of clothing."

Note the two myths subtlely dispelled: (a) B2B is not bigger than B2C commerce; (b) we are no longer in a recession.

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