Stores See Moderate Gains
It wasn’t a blockbuster or a bust.
Stores See Moderate Gains Retailers emerged from the holiday season with mid-single-digit revenue gains, questionable margins, and leftover fall and holiday inventories. They now stay up for not less than three weeks of intense clearance activity to shed the surplus, generate early spring selling and make up for business lost during last week’s lethal “cyclone bomb” from Mother Nature.
The storm caused dozens of deaths, a whole lot of 1000's of power outages and big flight delays. Greater than 183 million people nationwide fell under wind chill advisories and warnings last week. Michigan, Minnesota, Kentucky and western Latest York were among the many areas worst hit by snow, ice and winds. Underscoring...
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