LAS VEGAS (PBBI) – Texas’ four major metros were among the top five U.S. metropolitan areas most likely to experience quarterly retail sales growth for the remainder of 2009 and into 2010, according to a study by Pitney Bowes Business Insight (PBBI).

Austin was ranked number one, showing consistent healthier growth in gross metro product, personal disposable income and a decline in personal bankruptcies.

Dallas came in third because of positive performance in all of its retail sectors. Projections say that both the drug store and value retail categories will experience comparable sales growth for the next six quarters.

PBBI ranked San Antonio fourth, predicting the city to be a top market in drug store and value retail sectors, sustained by growth in personal expenditures and consistent growth in gross metro product.

Houston was ranked fifth, thanks to strong comparative sales growth in the drug store and high-end retail sectors. PBBI projects that steady employment and gross metro product will keep Houston in a relatively good position in the value retail sector.

Courtesy of

RECON

Real Estate Center Online News

May 22, 2009