US Retail Industry Sales Seen Up 2.5% for 2010

According to this article on cnbc.com, the economy is showing some glimmering signs of hope. This article reports that U.S. consumer confidence rose for the third straight month and highest since September 2008. This indeed is an encouraging sign. Another notable statistic is major retail shares tracked by the Standard & Poor's Retail Index rose 1.1 percent. This is coming off of retailers finishing up a holiday season that was forecasted to be dismal. Job losses have been slowing in numbers every month as well so hopefully employment follows this trend. There are some other important things that relate back to class and that is high income consumers are more likely and in fact, are spending more because they feel that their job is secure. Comparing this to middle income markets, retailers will struggle to break through to this segment. Forecasters also predict that the recovering housing market will continue the retail market.