Fun at Financo event: mickey Drexler goes off on malls being onmly No. 3 source of earnings for retail. Mall Exec Ro bert Taubman…
Retailers in for steady, modest growth in 2012
NEW YORK/CHICAGO (Reuters) – Hopefully, retailers liked 2011, because 2012 is looking like it will offer more of the same.
A consensus is emerging that the new year will again bring a slow but steady increase in business, after moderate growth last year that was capped by a holiday season that saw shoppers spend if stores gave out bargains.
Have offered $SLE $100 to actually list the U.S. company as “MeatCo” after it spins off international. Who’s with me?
@kenli729 it’s @bobbymacreports, isn’t it?
“….watching a grumbling FedEx employee schlepping a Christmas tree back into his truck: http://t.co/rZcIlRL3
Holiday sales seen strong, but still discounted
By Brad Dorfman
(Reuters) – Discounts and mild weather are bringing out shoppers at a better-than-expected pace this holiday season, with department stores like Macy’s Inc (M.N: Quote, Profile, Research) doing well and women’s apparel retailers feeling pressure.
“Some of the women’s retailers that were doing well earlier in the year are getting hurt this holiday by the resurgence of the department store,” said Customer Growth Partners President Craig Johnson. The retail consulting firm had been one of the most bullish forecasters of 2011 holiday sales.
ShopperTrak sees brighter holiday season
By Brad Dorfman
(Reuters) – Discounts and mild weather are bringing out shoppers at a better-than-expected pace this holiday season, with department stores like Macy’s Inc doing well and women’s apparel retailers feeling pressure.
“Some of the women’s retailers that were doing well earlier in the year are getting hurt this holiday by the resurgence of the department store,” said Customer Growth Partners President Craig Johnson. The retail consulting firm had been one of the most bullish forecasters of 2011 holiday sales.
Analysis: Best Buy previews other retailers’ margin hits
By Brad Dorfman and Jessica Wohl
(Reuters) – Best Buy Co Inc (BBY.N: Quote, Profile, Research, Stock Buzz) is the first of many retailers that will report falling margins as merchants reluctantly cling to steep discounts to draw consumers in this holiday season.
On Tuesday, electronics retailer Best Buy saw its shares fall more than 15 percent when third-quarter earnings missed analyst expectations because of discounting.
Best Buy previews other retailers’ margin hits
Dec 14 (Reuters) – Best Buy Co Inc (BBY.N: Quote, Profile, Research) is the first of
many retailers that will report falling margins as merchants
reluctantly cling to steep discounts to draw U.S. consumers in
this holiday season.
On Tuesday, electronics retailer Best Buy saw its shares
fall more than 15 percent when third-quarter earnings missed
analyst expectations because of discounting. [ID:nL1E7ND1JM]
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