Perhaps the best two things that couldbe said about 2009 are that it wasn’t 2008, and it’s almost over.
It was a tough year — orders were cut, stores were closed, shoppers turned to saving as the economy floundered and the luxury consumer was in a general retreat.
Investors tried their hardest to see the glass as half full and snatched up stocks on the cheap after last year’s sell-off. Market optimists saw the economy as improving, sales as stabilizing, inventory as rightsizing and the horizon, however far away, as brightening. Retail stocks shot up 47.7 percent through Friday.