The recent news on the retail sales on the Black Friday, deemed by most analysts to be the most important indicator of the sector for the whole year, advanced by 0.5% versus last year (2008),according to ShopperTrak RCT Corp. Should this be enough to lift the retail stocks?
Here we go further in the crisis. As mentioned a few months ago, this December was supposed to be a sad one for the retailers – and the poor figures confirm this.
U.S. retailers’ sales declined last week the most in almost six years as steeper markdowns before and after Christmas failed to salvage what may be the worst holiday shopping season in four decades.Read More »Retail sales drop