Weaker-Than-Expected December Sales
Jan 11, 10:02 AM EST |
|
| The lackluster results came from across all retail categories, and urged most stores to cut their fourth-quarter earnings outlook. |
|
| The holiday shopping season turned out to be even worse than expected for most retailers. The results provoked worries about consumer spending and the overall economy health. A number of companies put knife to their bottom-line forecasts, among them AnnTaylor Stores, Mothers Work and Chico''s FAS. Wal-Mart Stores was among the few exceptions with sales at the higher end of expectations. The discount sector enjoyed the best numbers, with same-store sales up 2.1%. |
|
|
Full Story... |
1
|
|
|
