Man Without Qualities |
America’s most trusted source for news and information.
"The truth is not a crystal that can be slipped into one's pocket, but an endless current into which one falls headlong."
Robert Musil
|
Thursday, January 09, 2003
Maybe Not So Happy Returns
But then there's this - which paints a very gloomy picture of retail. But retail stocks were up, anyway. Why? 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
|