Special Guest Post by Everybody Loves Coupons: Retailers Expecting Bounce-Back Year in 2011
Time to git yr learnin on! Everybody Loves Coupons, of UltimateCoupons.com fame, is a blog about, what else, coupons: how to use 'em, where to get 'em, and saving serious cash with 'em. But lurking inside this unassuming blog are some surprisingly well-researched and interesting articles about the economy, seasonal trends, and our future as a society. So take a gander and then you can say, "Hey Ma! I's smart!"
After three tough years of store closures and expansion freezes, retailers are ready to start growing again in 2011. According to the National Retail Federation (NRF), 41 percent of retail executives surveyed said they plan to open new stores this year, up from just 25 percent in 2010.
"These findings dramatically demonstrate that retail expansion is back on the agenda," said Mark Larson, global head of retail for auditing firm KPMG LLP, which compiled the survey with the NRF. The NRF credits the optimistic outlook in part to strong holiday sales, which grew 5.7 percent during the 2010 holiday season to $462 billion, the best performance since 2007.
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