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

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The Bayou City, along with thred other Texas cities, topped Pitney's In the fifth place the group found that Houstonn has shown strong comparative sales growtu in the drug storeand high-enr retail sectors. Austin rankedc first, with what PBBI’s research calledr “consistent healthy growth in gross metropolitan personal disposable income andconsumer expenditures, coupled with a decline in personal bankruptcies.” Seattle, the only non-Texaj city to make the came in second.
Although Seattle’s housing and employmen indicators will continue to be softthrough 2010, accordingv to PBBI that market was able to maintaijn respectable comparative sales for the last six quarters. Dallaw and San Antonio took the third and fourth place spots onthe respectively. The research group founds that disposable income in Dallas grew in along with an increase inhousing construction. San Antoni has been sustained by growth in personaol expenditures and consistent growth in grossmetro product.
To predicg which metro areas are most likelgy to experience the best relatived health in theretailo sector, the group identified the top five best performinv metros based on comparative salez history and their ability to remain relatively stable for the past six and used trend data to predict the metro areas most likelh to see sales growth from the third quartefr of this year through the last quarter of 2010.
PBBI’ s research included various retaikl sectors, from drug stores and high-endd retailers to mid-tier retailers and value “Our reports enable real estate professionals to traco the economic variables that affect store performancd inlocal markets, helpin them make more profitable decisions about lease capital re-investment, store closures, inventory management and budgetf allocations,” said Devon Wolfe, managing directod of Americas strategy & analytics servicezs for Pitney Bowes Business Insight.