Trade picks up as consumers resume spending

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High Five
Monday, April 26, 2010

Some economists estimate consumer spending in the first three months of the year is up 4%.

The nationwide trend is evident in Portland as well, where companies like Columbia Sportswear are seeing improvement.

A year ago, Columbia Sportswear, the Portland-based apparel brand, was turning away some retail customers whose finances seemed worrisome. Now, Columbia has one of its largest order backlogs.

“People saw that the world didn’t come to an end,” said Timothy P. Boyle, Columbia’s president and chief executive. “Maybe they just said, ‘Hey, I can at least spend a little bit of money.’”

Read the full story at The New York Times.

{biztweet}Portland consumer spending{/biztweet}

 
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