Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

Better economy may not benefit retail

Monday, January 28, 2013 - 01:42

Jan. 28 - Different outlooks are emerging within corporate America. Optimism is increasing for most businesses, but retailers are concerned that consumers may be wary about the economy. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

PLEASE NOTE: THIS EDIT CONTAINS 4:3 MATERIAL 2013 is looking better for the U.S. economy. A new survey from the National Association for Business Economics showed businesses are planning for stronger economic growth. And with that will come jobs. NABE president Ken Simonson: SOUNDBITE: KEN SIMONSON, PRESIDENT, NATIONAL ASSOCIATION FOR BUSINESS ECONOMICS (ENGLISH) SAYING: "One third of the respondents said they expect their firms will be hiring in the next quarter. That was the best result since the April survey. Significantly more firms said they would be hiring than said so in the July or October surveys. And when you subtract out firms that said they would be reducing employment either through attrition or layoffs, we had double the positive response that we had seen in the October survey." The survey also showed wages are expected to rise. But the latest report on retail sales may indicate workers aren't rushing to spend that new cash. The National Retail Federation says sales will increase less than last year. It predicted consumers will shop more on price- and there may be some trading down. And shoppers are still adjusting to higher payroll taxes- that cut into discretionary spending. Consumers are also bracing for higher healthcare costs with the new regulations taking effect. Bricklin Dwyer is an economist at BNP Paribas: SOUNDBITE: BRICKLIN DWYER, ECONOMIST, BNP PARIBAS (ENGLISH) SAYING: "I think that's reflective of what we have seen in terms of consumer confidence and generally, you know, what is going in the real economy or the expiring of the tax measures and the impact that that has on expected spending for consumers." The forecast would be the lowest growth in three years.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Better economy may not benefit retail

Monday, January 28, 2013 - 01:42

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Sports And Leisure »

Mourinho's "Let's go to Wembley" Mourinho's "Let's go to Wembley"

Wed, 28 Jan, 2015 - (1:16)

Diver Daley trains in Rio Diver Daley trains in Rio

Tue, 27 Jan, 2015 - (0:55)

Drogba on his Chelsea hopes Drogba on his Chelsea hopes

Mon, 26 Jan, 2015 - (0:52)

NBA legend shoots from the hip NBA legend shoots from the hip

Wed, 14 Jan, 2015 - (1:13)

Tennis ace Murray proposes to girlfriend Tennis ace Murray proposes to girlfriend

Thu, 27 Nov, 2014 - (0:41)

Sports Spread: Tinkering Liverpool target Chelsea Sports Spread: Tinkering Liverpool target...

Thu, 06 Nov, 2014 - (11:18)

Flying car prototype takes to the skies Flying car prototype takes to the skies

Wed, 29 Oct, 2014 - (2:18)

Dateline Asia »

Alibaba could set sights on Yahoo Alibaba could set sights on Yahoo

Tue, 27 Jan, 2015 - (1:24)

Fashion designers finding haste makes waste Fashion designers finding haste makes waste

Tue, 27 Jan, 2015 - (2:07)

Be afraid, the Chinese are spending less Be afraid, the Chinese are spending less

Mon, 26 Jan, 2015 - (1:33)

Asia markets shrug at Greek elections Asia markets shrug at Greek elections

Mon, 26 Jan, 2015 - (1:36)

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)