The National Retail Foundation predicts that consumer spending will increase by 4.7 percent this year, a more modest increase than last year's 6.1 percent. “With the housing market beginning to slow, consumers will be challenged to find new sources of spending power,” said NRF Chief Economist Rosalind Wells. There will be a few bright spots, though:
...Several categories of specialty retailing should continue to achieve solid sales growth. They include clothing and accessory stores (which include shoe stores and jewelry stores), food and beverage retailers and health and personal care retailers.