real-time news and commentary for investors
Wednesday, Dec 19
2012, 12:27 PM
ShopperTrak cuts its forecast for holiday sales in the U.S. to 2.5%, down from an earlier...
ShopperTrak cuts its forecast for holiday sales in the U.S. to 2.5%, down from an earlier projection of 3.3% for the period. The data tracking group suggests the wind is out of the sail of retail since Black Friday. Retailers still hold out some hope that online shopping for December will beat estimates to narrow the gap, although that trend will favor mainly larger companies such as Amazon (AMZN -0.8%), Wal-Mart (WMT -0.4%), and Target (TGT -0.4%) - while leaving dollar stores (DG, DLTR, FDO) and electronics sellers (BBY, RSH, CONN) pinched.