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Bah Humbug for U.S. Holiday Retail Sales Dec 00
Standard & Poors, Dec 2000
Abstract
Approaching the end of a poor to lackluster year for sales, with a tepid forecast for the December holidays that usually ring in substantial gains, many retailers may find it hard to celebrate the season. 'This has been a terrible year so far for retail, and there is no reason to think that things will all of a sudden turn around,' said Gerald Hirschberg, director in the retail sector of Standard & Poor's Corporate Ratings. The grinches responsible for stealing merchants' holiday cheer are a cooling economy, higher interest rates, high fuel prices, and a volatile stock market. Combined with many consumers who are carrying high debt loads, these factors have dented consumer confidence and created tentative and cost-conscious customers....
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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