The Fresh Market is turning to a veteran of Walmart, Stop & Shop and Food Lion to help the struggling food retailer boost sales.
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Retail Forecast 2016
How will retailers fare in 2016? Very well, according to experienced market watchers.
“We expect core retail sales to grow 5.3% in 2016,” says Scott Hoyt, senior director of consumer economics for Moody’s Analytics, a research firm based in West Chester, Pennsylvania. (Core retail sales exclude volatile revenues from auto sales and gas stations.) That is notably faster than the 4.2% rate anticipated when 2015 sales are finally tallied. The 2015 experience was, again, slightly better than the 3.9% growth of 2014.
