Friday, June 5, 2009

Cautious Optimism

The recession didn’t entirely slam the retail garden industry the way it did the rest of retail. But there are some signs that retail in general is looking up - or at least looking better than it did before.

Retail Forward is reporting that despite deterioration of same-store sales in May (except for Wal-Mart, of course), it appears shoppers are showing signs of letting up from the current "belt-tightening behavior." Shoppers reported in Retail Forward’s May ShopperScape survey that they are less inclined than last year to limit their spending, seek deals or trade down to lower-priced brands and retailers in response to the economic downturn.

Did you see customers "trading down" this spring? We were hearing reports of foot traffic increasing but average ticket decreasing. Did this hold true for you? And if it did, do you think customers will stick with this type of spending for a while?

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