U.S. Retailers Express Cautious Optimism For 2010 After A Happy Holiday Season
Feb 01, 2010 | 00:07:59 min
Retailers pulled a rabbit out of the hat by exceeding Standard & Poor’s holiday sales expectations. And consumers’ fears and ratings volatility appear to have abated quite a bit. However, retailers and consumers will likely pursue a cautious path this year, reflecting the floundering economy and high unemployment. Standard & Poor’s credit analyst Gerald Hirschberg provides an in-depth rundown on the state of the industry and what could be in store.
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