|Man Without Qualities|
Thursday, January 09, 2003
But then there's this - which paints a very gloomy picture of retail.
But retail stocks were up, anyway.
One report says: Retailers ... got a boost from Wal-Mart Stores Inc., which said holiday sales landed in line with lowered expectations.
So that seems to say that WalMart's performance is a positive.
But Kevin Tawes, retail analyst with Independence Investments, an affiliate of John Hancock Financial Services, said:
"It's hard to remember the last time when stalwarts like Wal-Mart, Kohl's and Target all slumped together."
So that seems to say thay WalMart's performance is a negative.
But Mark Foster, chief investment officer at Kirr, Marbach & Co. said:
"The retail names are doing better. ... Everyone had predicted a pretty horrible Christmas (spending period), but relative to expectations, it wasn't that bad."
Aren't you glad that all got cleared up?
Comments: Post a Comment