Report: Houston to see retail sales growth into 2010 - Houston Business Journal:

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The Bayou City, along with three other Texaxs cities, topped Pitney's list. In the fiftu place spot, the group found that Houstonn has shown strong comparative sales growtg in the drug storeand high-en retail sectors. Austin rankedr first, with what PBBI’s research callecd “consistent healthy growth in grossmetropolitan product, personak disposable income and consumer coupled with a decline in personal bankruptcies.
” the only non-Texan city to make the list, came in Although Seattle’s housing and employment indicators will continuer to be soft through 2010, accordinbg to PBBI that market was able to maintaim respectable comparative sales for the last six Dallas and San Antonio took the thirdf and fourth place spots on the list, respectively. The researchb group found that disposable income in Dallase grewin 2009, along with an increass in housing construction. San Antonio has been sustained by growtgh in personal expenditures and consistent growtbh in grossmetro product.
To predict whic metro areas are most likely to experience the best relative health in the retail the group identified the top five best performinvg metros based on comparative sales history and thei ability to remain relatively stable for the past six and used trend data to predict the metrp areas most likely to see sales growt from the third quarter of this year through the last quarterof 2010.
PBBI’sx research included various retail sectors, from drug stores and high-ends retailers to mid-tier retailers and value “Our reports enable real estate professionalw to track the economi variables that affect store performance inlocal markets, helping them make more profitable decisions about leasr re-negotiations, capital re-investment, store closures, inventory management and budgett allocations,” said Devon Wolfe, managing director of Americas strategy & analytics servicea for Pitney Bowes Business Insight.