Retailers ordering more for spring and summer seasons
Retailers can expect to see greater traffic using their retail point of sale software, as consumers are predicted to be out in greater numbers this spring.
According to the Global Retail Manufacturers and Importers Survey, 43.2 percent of survey respondents said that the spring 2012 shopping season will surpass last year's, and another 40 percent believe that the summer 2012 season will perform better year-over-year.
Additionally, 40 percent of respondents said that retailers ordered more merchandise than last year, with 47 percent reporting that stores' orders increased by 3 to 5 percent.
"These numbers are very encouraging for the overall state of the consumer-driven economy," said Andrew Tananbaum, executive chairman of CBC. "This is the first time in nearly three years that the importers we work with are manufacturing more than they did last year and are planning on having to restock shelves."
The figures are only one of many recent indicators that the U.S. economic recovery is gaining steam. Last month, more than 225,000 jobs were added to the economy.
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