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Retail sales are rising in San Diego , but not to pre-recession levels

Between 2006-9, sales fell deeper than any time since the Great Depression


Monday, October 25, 2010

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Despite the rising sales, however, the institute estimates that it will take until 2013 for retail sales to rise to the peak levels seen in 2006 and 2007.
"With people uncertain about their employment situation and many unable to borrow with impaired credit, consumer-spending is likely to remain moribund through at least 2012," said Kelly Cunningham, who compiled the report.
Cunningham added that despite the recent rise in spending, retail continues to face downward pressure.