Survey Shows Retail Optimism, Increased Sales

According to the results of Levin Management’s annual mid-year survey, 64.2 percent of managers reported equal or higher sales compared to mid-year 2011.

Levin Management provides real estate services for shopping centers and malls.

With the increase in sales, 26.2 percent of those surveyed have increased their staff since January of 2012, while 36.1 percent plan on hiring new employees throughout the remaining year.

Overall retailers remain optimistic, with 91.4 percent of respondents stating that sales will remain the same or improve in the second half of 2012.

In 2011, only half of managers reported higher sales than the previous year. “Last year, we saw a 50/50 split. While we still have a way to go, the numbers clearly have improved,” Matthew K. Harding, president and COO of Levin Management, said in a statement.

Other highlights of the survey include:

  • 65.9 percent of mangers believe the economy is the main driver of sales
  • 27.5 percent of companies plan to open additional stores this year
  • 60.6 percent of managers do not believe the Internet strongly affects sales