By  on September 18, 2012

Retail chief financial officers are growing more confident in the overall economic picture, with the majority expecting a 4.5 percent rise in total 2012 sales, according to data released by BDO USA.

The latest BDO Retail Compass Survey of CFOs was conducted in August and September. While many of the 100 retail cfo’s polled expect a continuation of stagnant economic conditions in the short term, the data showed that the number of cfo’s forecasting an ongoing economic turnaround nearly tripled this year to 32 percent from 11 percent in 2011.

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