2013 1st Quarter Retail Market Updates Continue to Show Improvements
Professionals in the retail industries can breathe a sign of relief. Market analyses have shown markedly promising conclusions for this sector, both in the past quarters as well as the forecast for future quarters.
Initially cited in the Manpower Employment Outlook Survey, released at the end of 2012, the results of the survey showed that jobs in the Wholesale and Retail Trades reported that this sector was one of the most successful, and showed tremendous promise for future improvement.
According to the U.S. Quarterly Market Update: Q1 2013, workers at Clarion Partners reported that increased household wealth led to a nearly 4% increase in retail sales during the Q1 period, particularly in high-end retailers, with no signs of slowing down any time soon.
“The market is clearly showing improvement…for the past six quarters, the retail market has had positive absorption,” states Velocity Retail Group’s Research Solutions Team, in an article from April 2013, on Arizona Commercial Real Estate online (azremagazine.com). Overall, the growth of the retail industry has been, and is projected to continue to grow.