By and  on December 14, 2009

Perhaps the best two things that couldbe said about 2009 are that it wasn’t 2008, and it’s almost over.

It was a tough year — orders were cut, stores were closed, shoppers turned to saving as the economy floundered and the luxury consumer was in a general retreat.

Investors tried their hardest to see the glass as half full and snatched up stocks on the cheap after last year’s sell-off. Market optimists saw the economy as improving, sales as stabilizing, inventory as rightsizing and the horizon, however far away, as brightening. Retail stocks shot up 47.7 percent through Friday.

 

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