While steady expansion of the federal government has shielded metropolitan Washington from the soaring unemployment rates seen elsewhere, troubles among the region's retailers are mirroring national losses in that sector with steep job cuts and a sales decline projected to reach 7 percent this year, a new study says.
Nevertheless, according to the 2009 Retail Outlook released last week by the consulting firm Delta Associates, the area's 1,000 shopping centers could begin to slowly recover in 2010 with average sales increasing 5.5 percent. Retailers in the region are expected to get a boost from thousands of new jobs in the federal government and contracting sector as well as pent-up consumer demand. Read the full article
Please email us to report offensive comments.
Posted by: DwightCollins | December 14, 2009 11:26 AM
Posted by: JimW2 | December 14, 2009 11:43 AM
Posted by: bsallamack | December 14, 2009 1:39 PM
The comments to this entry are closed.