This holiday shopping season seemed to be a decent one for the retail sector, with the Thomson Reuters Same-Store Sales Index posting a 2.4 percent increase for December, above expectations.
Healthy same-store sales growth notwithstanding, there is a storm passing over the retail sector. Going into the New Year, Macy’s, Sears, Kmart and Kohl’s among department stores, all announced disappointing results, adding that store closings would follow. . . . more