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Thursday, April 1, 2010

Retail Sales Slump Resumes

No surprise here......

What's surprising is almost no one prepared for this ahead of time.

There were obvious signals there was impending problems.

Oh's the story.....

By Stephen Betts

Retail sales in the Midcoast in January were down from a year ago, ending a one-month break from a 16-month string of lower sales.

Overall retail sales in January for a region that includes all of Knox County as well as the adjacent Waldo County towns of Islesboro and Lincolnville were $21 million, down 3 percent from January 2009.

The figures for 2010 were down 17 percent from the record January sales set in 2008 of $25.2 million. The January 2010 sales were the lowest for the month since $21 million in 2002.

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