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Monday, January 4, 2010

DECEMBER RETAIL IN NEW YORK

Top U.S. retailers will give investors the most detailed picture yet of holiday sales this week, with most expected to show better sales after an abysmal 2008 performance.The retailers will report sales at stores open at least a year, data that may also shed light on their positions heading into the spring season. Wall Street is predicting a tougher environment as consumers return to saving money.
Chains from Costco Wholesale Corp to Macy's Inc to Abercrombie & Fitch will report December same-store sales data Wednesday and Thursday. Analysts expect a 1.3 percent increase from a year earlier at 30 retailers tracked by Thomson Reuters Data.
That would mark the fourth consecutive monthly sales increase, after a straight year's worth of declines during the recession.
Jharonne Martis, director of consumer research for Thomson Reuters, said the December results should reflect an improvement from last year, when same-store sales fell 3.6 percent, but not an economic recovery.
A rise of 1.3 percent "is sti

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