ICSC: Recent rise in consumer spending is "sustainable"

03/29/2010 | Bloomberg Businessweek · Bloomberg Businessweek

Retailers from luxury clothing stores to electronics chains are becoming more hopeful that the recent bump in consumer spending is not temporary. There is "a large reservoir of pent-up consumer demand," according to Michael Niemira, chief economist for the International Council of Shopping Centers. "The rise in spending is sustainable."

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Bloomberg Businessweek · Bloomberg Businessweek

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