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Same-store sales seen up 4.3 percent in December

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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-03-12 04:43 AM
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Same-store sales seen up 4.3 percent in December
Source: Reuters (Phil Wahba)

When top retailers post their December sales this week, Wall Street analysts are expecting them to report a healthy end to the holiday season, helped by discounts, improved consumer sentiment and tactics like extended hours and layaways.

Some 22 major chains, from Macy's Inc and Target Corp to Costco Wholesale Corp and Gap Inc should post an aggregate 4.3 percent increase in December sales at stores open at least a year, according to Thomson Reuters, capping a season that started moderately but gained steam in December.

The top gainers are again expected to be discount chains like Costco, with its cheaper gasoline, and Target as shoppers sought out low prices. <snip>

But chains like J.C. Penney Co Inc and Gap, which are under pressure to slash prices to lure price conscious shoppers, are expected to be laggards again after seeing sales declines in November.


Read more: http://www.reuters.com/article/2012/01/03/us-usa-retail...
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