Most retailers participating in the 2009 Outlook Survey believe the economy has hit bottom. More than half expect “some improvement” to conditions in 2010, and 30.2% expect more of the same. Meanwhile, more than 7% see “great improvement” coming.
Close to 9% of respondents for this year’s survey rated current business conditions as “poor.” It’s a marked improvement from 2008, when nearly 20% of participants rated conditions “poor,” and one-fifth anticipated a decline in conditions.
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