Survey: Retailers pessimistic about coming months

In his State of the Union address on Jan. 28, President Bush may have been optimistic regarding an economic turnaround this year, but U.S. retailers aren’t. According to a survey by the National Retail Federation and the Bank of Tokyo-Mitsubishi, most retailers expect sales to flag during the next six months.

Among the retailers polled, 44% say they expect sales to be “weaker,” while 19% expect sales to be “much weaker.” The remainder expect sales to remain the same. And no respondents believe sales will be stronger.

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