Some would say, the recession is slowly recovering, others would say the recession is finally coming to an end. Well, I guess it depends where one comes from and how the situation is analyzed. According the the national post, Holiday Sales will finally boost again by as much as 5%, which means annual sales will surpass $392-billion from the declined 0.7%, $373-billion from last year. Even better “British Columbia is expected to lead retail sales growth for the year, with a 6.7% rise in sales excluding gasoline, followed by Prince Edward Island (6.6%) and Nova Scotia (5.8%).” Holiday gift supply companies such as Future Shop are expected to “hire more than 4,000 seasonal associates for what it expected to be a solid holiday shopping season, boosting its staff base by more than 40% for the period”. This all sounds awfully promising and leads me back to class 16 where we discussed forecasts. I remember that we came to the conclusion, that forecasts are almost always wrong. But how could such a forecast be wrong? Of course the numbers might not be exact and future shop might end up hiring less than 4000 seasonal staff, but the above numbers sound like a fair estimate of what could potentially happen this holiday season, or is in fact already happening, since the economy really is starting to finally recover 🙂
Quotes and Source:
http://www.nationalpost.com/news/canada/December+sales+better+year/3624065/story.html
Picture:
http://www.virtualtourist.com/travel/Europe/France/Ile_de_France/Paris-99080/Shopping-Paris-Galeries_Lafayette-BR-1.html