Thursday, November 25, 2010

Retail group sees grim holiday season

Retailer of Christmas wish to avoid ghost is fast.
The national retail federation yesterday admitted that it expects holiday sales fell by 1%, 437.6 billion dollars, besides, 3.4%'s dismal last drop. Meanwhile, analysts said, September sales -- when the end of the season, representing a index - may is useless holiday for most chain.
Mall-based outlets from Ann Taylor to Abercrombie & Fitch have been slashing prices in a desperate effort to hold shoppers' attention, according to Credit Suisse analyst Paul Lejuez. Abercrombie, which has lately relented on its refusal to mark down its preppy fashions, "at times had large sale signs out front" of its stores, he said.
Abercrombie's September same-store sales -- sales at stores open at least a year, a key measure of retail performance -- are expected to be down nearly 20 percent when they're reported tomorrow with those of other big chains.
Unsatisfactory demand remians uneasiness reflect economic, industry experts said. And the stock market has been assembled, unemployment is still flirt, double-digit percentage and history. According to reports, this week, apartment vacancy soared to 7.8 percent, a 23-year high.
Consumers in shopping less and less, in September shopping, only bought trading, cloth, "said President of America's research group.
Charleston, SC - based retail consulting firm estimates, shop in 20% of critical labor day weekend traffic. Industrial business people said, seems to worsen during the second half a month.
Lumbering is a special kind of worry for high-grade stores like the saxophone. And luxurious chain stock in support, in recent months after worry about the future, holiday prospects look Grom said uncertain, Charles jp Morgan analyst.
It's fair to say that most of the rally by the retail stock broad market since march - was not sales expected profit. Indeed, most chain have slashed inventories and other expenses to protect profit margins also appeared to markdowns must attract customers.
Nevertheless, "those markdowns will be worse than the many chain all hope," especially, said.

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