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Holiday Sales May Affect Retail Growth in 2008



Retail construction may slow in 2008 if the sales growth for this holiday season remains modest, according to Grubb & Ellis.


By CP Editorial Staff  


Retail construction may slow in 2008 if the sales growth for this holiday season remains modest, according to Grubb & Ellis.

Black Friday sales rose 8.3 percent from last year, the largest increase in three years. But as the season continues, sales are expected to taper. The National Retail Federation forecasts a sales growth of only 4 percent for this season, which would be the smallest gain in six years, according to Grubb & Ellis.

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  posted on 11/27/2007   Article Use Policy



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