Monday, November 12, 2018

Holiday sales poised to be best since Great Recession

Retail Dive
Holiday sales this year will be the best since the Great Recession, according to a new report by B. Riley FBR emailed to Retail Dive.

Analysts led by Susan Anderson with the investment bank predict same-store sales at retailers they cover will rise 2.2% this holiday season, versus 1.6% in 2017 and 0.2% in 2016. They also anticipate an increase in gross margin of 45 basis points on average. In their analysis, the best-positioned retailers include Carter's, The Children's Place, American Eagle Outfitters, Guess, Urban Outfitters, Chico's, PVH Corp., G-III Apparel Group, L Brands, Hanesbrands and Hasbro.. . . more