Retailers Look to Holiday's Second Season

Retailers who kept a lid on inventories to try to squeeze out profits are looking to holiday’s second season — the week between Christmas and New Year’s. Stores are expected to extend their shopping hours and step uppromotions over the next few days in order to recoup some of the shopper traffic lost this past weekend in the Northeast’s first majorwinter storm, which caused an estimated $2 billion in losses. Yet there was some good news for the industry this week: Retail stocks managed their fourth advance in as many trading sessions Wednesday, with the S&P Retail Index gaining 2.18 points.
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