Thursday, December 14, 2017

Malls see more merriment this season than expected

Image result for Holiday mall trafficGoldman Sachs has turned a little optimistic on mall retailers, at least for the short term, following early readings on the holiday shopping season.

“We are broadly raising estimates and price targets across our coverage for the fourth quarter of 2017 and the first quarter of 2018 based on encouraging early reads on holiday, including stronger traffic trends, a firming Goldman Sachs Weekly Chain Store Sales Index, and upbeat management commentary,” the bank stated in a note.. . . more

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