FINANCE

Moody’s: Holiday sales to grow 4.5%; earnings to grow at 3.5% to 4.5% in 2012

BY Marianne Wilson

New York — Retail sales growth in the United States will rebound from the third quarter this holiday season, but will be down on the previous two years’ robust gains, according to a new report by Moody’s Investors Service. The study, "Holiday Sales Will Overcome the U.S. Fiscal Policy Grinch," also finds that earnings growth will be slightly stronger.

“We expect holiday sales growth of about 4%, down from 6.5% in 2011," said VP, senior credit officer Margaret Taylor. "But while sales will be down, earnings are on track to grow at 3.5% to 4.5% for the full year 2012, compared with 2.7% last year."

Online spending will be a bright spot for retailers this holiday season.

"We expect online spending to increase about 15% year over year, far outpacing the growth in overall holiday sales," Taylor said.

Retailers whose goods are perceived to provide good value are expected to perform well, as are the toys, electronics and party goods segments. In electronics, the new Kindle and iPad, Nintendo’s Wii U and new game releases will drive sales this holiday season, though heightened price competition may constrain margins. Apparel retailers’ earnings will continue to benefit from lower commodity costs, particularly for cotton, as well as easy comparisons with last year’s weak sales.

keyboard_arrow_downCOMMENTS

Leave a Reply

J.Kiler says:
May-20-2013 07:42 am

That's great i have learn a
That's great i have learn a lot you have shared such a great information please keep sharing and i am waiting for new updates. http://kingofswords.insanejournal.com/

J.Kiler says:
May-20-2013 07:42 am

That's great i have learn a lot you have shared such a great information please keep sharing and i am waiting for new updates. http://kingofswords.insanejournal.com/

J.Robert says:
Jan-28-2013 06:42 am

hi!
This is a good site. This post give truly quality information.I’m definitely going to look into it.Really very useful tips are provided here.thank you so much.Keep up the good works. braindump free latest dumps//ccnp training practice tests//cissp requirements practice tests//cissp study guide practice tests//

J.Robert says:
Jan-28-2013 06:42 am

This is a good site. This post give truly quality information.I’m definitely going to look into it.Really very useful tips are provided here.thank you so much.Keep up the good works. braindump free latest dumps//ccnp training practice tests//cissp requirements practice tests//cissp study guide practice tests//

Z.Lee says:
Jan-07-2013 08:38 am

No doubt this is an excellent
No doubt this is an excellent post I got a lot of knowledge after reading good luck. Theme of Gurgaon Haryana blog is excellent there is almost everything to read, Brilliant post.

Z.Lee says:
Jan-07-2013 08:38 am

No doubt this is an excellent post I got a lot of knowledge after reading good luck. Theme of Gurgaon Haryana blog is excellent there is almost everything to read, Brilliant post.

S.Maana says:
Dec-17-2012 03:35 pm

One of the best ways to
One of the best ways to generate income on eBay is by using new years wallpaper 2013 vacations for extra revenue. In fact there is a huge probability to generate income on eBay by concentrating all of your revenue initiatives on holiday revenue and funny christmas wallpapers.

S.Maana says:
Dec-17-2012 03:35 pm

One of the best ways to generate income on eBay is by using new years wallpaper 2013 vacations for extra revenue. In fact there is a huge probability to generate income on eBay by concentrating all of your revenue initiatives on holiday revenue and funny christmas wallpapers.

C.Lovely says:
Dec-01-2012 11:40 am

You need to start with a
You need to start with a rectangle of white document. Times the document in half twice, developing less sized rectangle happy new year wallpapers. Next, fold small sized rectangle area to area to form a triangular. Make different size cut-outs on every side and then open the snowflake to see what you have designed. christmas wallpapers

C.Lovely says:
Dec-01-2012 11:40 am

You need to start with a rectangle of white document. Times the document in half twice, developing less sized rectangle happy new year wallpapers. Next, fold small sized rectangle area to area to form a triangular. Make different size cut-outs on every side and then open the snowflake to see what you have designed. christmas wallpapers

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Kirkland’s reports Q3 loss; CEO to go on temporary medical leave

BY Marianne Wilson

Nashville, Tenn. — Kirkland’s Inc. lost $416,000 for the period ended Oct. 27, compared with a profit of $1.2 million a year earlier. Analysts had predicted a bigger loss.

Revenue inched down to $96.7 million from $97.1 million. Same-store sales were down 4.7%.

Kirkland’s also announced that president and CEO Robert Alderson is taking a temporary medical leave of absence, starting on Monday. SVP and CFO Mike Madden will serve as acting president and CEO until Alderson returns.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Macy’s Herald Square unveils new, high-tech shoe floor

BY Marianne Wilson

New York — Macy’s has unveiled the redesigned shoe department of its Herald Square flagship in New York City. Described as the “world’s largest shoe floor,” the 63,000-sq.-ft. space features more than 250,000 pair of women’s shoes in an upscale environment.

The new space is an integral component of the multi-year, $400 million renovation of Macy’s Herald Square. It has the intimate feel of a boutique shopping experience with specially designed LED lighting and custom architectural details unique to the signature style of each brand.

State-of-the-art mobile scanning devices (274 in all) provide detailed product information, enabling sales associates to determine the availability of a given size and style instantaneously. Some 21 LCD monitors and four LED screens add dramatic impact throughout the shoe floor.

keyboard_arrow_downCOMMENTS

Leave a Reply

P.Lopez says:
Apr-10-2013 10:54 am

Chatrandom.com
It has the intimate feel of a boutique shopping experience with specially designed LED lighting and custom architectural details unique to the signature style of each brand. Chatrandom.com

P.Lopez says:
Apr-10-2013 10:54 am

It has the intimate feel of a boutique shopping experience with specially designed LED lighting and custom architectural details unique to the signature style of each brand. Chatrandom.com

lahmphil29 says:
Apr-08-2013 04:52 pm

Belgravia Villas is located
Belgravia Villas is located in a central location where there are plenty of amenities in the vicinity within a short driving distance to Ang Mo Kio Hub, NEX, Compass Point, Orchard and Bugis area. Dining, shopping and recreation options for you and your loved ones are just a stone’s throw away. belgravia villas | credit immobilier au meilleur taux

U.Baig says:
Mar-31-2013 08:20 am

getecommercewebs.com
getecommercewebs.com A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a good one.I learn alot from it. I wanna appreciate you for this great effort.

U.Baig says:
Mar-31-2013 08:20 am

getecommercewebs.com A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a good one.I learn alot from it. I wanna appreciate you for this great effort.

T.Stone says:
Mar-29-2013 10:20 am

what many Brontë fans don’t
what many Brontë fans don’t know is that her literary career began much earlier and much more ADORABLY. how to hack clash of clans

T.Stone says:
Mar-29-2013 10:20 am

what many Brontë fans don’t know is that her literary career began much earlier and much more ADORABLY. how to hack clash of clans

C.Brock says:
Mar-18-2013 10:55 am

The first several months of
The first several months of my site there were no comments; just give it time; now they come in like crazy every day! Thanks. hacks and cheats

C.Brock says:
Mar-18-2013 10:55 am

The first several months of my site there were no comments; just give it time; now they come in like crazy every day! Thanks. hacks and cheats

T.Stone says:
Mar-18-2013 05:53 am

Somerton man himself appears
Somerton man himself appears to have done a lot of the work toward obscuring his identity near the time of his death...something that would have been even easier if he lived as a different gender entirely for part of his adult life miselna igra

T.Stone says:
Mar-18-2013 05:53 am

Somerton man himself appears to have done a lot of the work toward obscuring his identity near the time of his death...something that would have been even easier if he lived as a different gender entirely for part of his adult life miselna igra

T.Stone says:
Mar-16-2013 11:16 am

"If you're unsure of a
"If you're unsure of a comment that you want to make while reading, it's best not to say it." Software Engineer India Salary

T.Stone says:
Mar-16-2013 08:36 am

Bloomingdale’s also is
Bloomingdale’s also is bringing pedestrians into the action. The retailer has embedded sensors into a display window of its Manhattan flagship that allow passers-by to select an outfit for a virtual mannequin featured in the display. Business Intelligence

T.Stone says:
Mar-16-2013 11:16 am

"If you're unsure of a comment that you want to make while reading, it's best not to say it." Software Engineer India Salary

T.Stone says:
Mar-16-2013 08:36 am

Bloomingdale’s also is bringing pedestrians into the action. The retailer has embedded sensors into a display window of its Manhattan flagship that allow passers-by to select an outfit for a virtual mannequin featured in the display. Business Intelligence

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...