Retail Merchandiser - March/April 2017 - 106
SOLUTION PROVIDER RETAIL DEVELOPMENT
Retail On the Rise
Why we can expect even better things in retail development this year.
BY DAN VILLALPANDO
Retail sales rose more than 3.3 percent in 2016.
The retail industry welcomed 2016
with cautious optimism, not unlike the
sentiment entering the previous year.
Statistically, it turned out to be a decent
year for retail developers and retailers,
with estimates that retail sales in 2016
rose approximately 3.3 percent over
sales in 2015.
While such growth is not as robust
as many had hoped, it does represent
movement in the right direction and
begs the question: Can we expect to
see even more improvement in 2017?
Based on positive news regarding the
gross domestic product, continued
growth in the job sector and the influx
of foreign investment dollars, it appears
that there may be reason to expect even
better things in retail development this
One facet of the economy that has
a major influence on the health of
retail development is the gross domestic product (GDP). The latest data
indicates that the weak growth rates
in the GDP of 2009-15 that stagnated
around 2 percent may be a thing of the
past as experts forecast growth of 3
percent in 2017. In addition, according
to the UCLA Anderson Forecast of
December 2016, real consumer spending, a factor closely linked to retail
development, is expected to increase