By and  on August 11, 2009

Retail shares ended a two-day winning streak with a 2 percent decline Monday as a group of Citi analysts forecast a tough back-to-school season, although one with some potential upside.

Comparable-store sales at broadline retailers are forecast to fall 3 to 4 percent for August and September combined — a significant drop from the 0.9 percent b-t-s rise last year and the 10-year average increase of 4.3 percent, said Citi analyst Deborah Weinswig on a conference call with fellow Citi analysts Kimberly Greenberger and Kate McShane.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus