Analyst Opinion on Dillard's Inc. and Macy's Inc. - Department Stores
Hopeful for the Holidays
LONDON -- (Marketwire) -- 11/07/12 -- In terms of retail sales, 2012
has been largely characterized by cautious optimism; an improvement
over last year but still lacking the gusto some hoped for. September
sales improved a solid 2.1 percent year-over-year, and total third
quarter retail sales are thought to have gained 4.8 percent compared
to a year ago.
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The improvements seen in consumer spending could make for some
positive third quarter financial results from the Department Stores
industry, within which Dillard's Inc. and Macy's Inc. operate, many
of which have yet to release their quarterly reports. Industry
players are also expected to benefit from a variety of cost
containment and efficiency boosting initiatives which they have been
implementing. See what our analysts have to say on Macy's Inc. Follow
the Link below
Looking forward, according to the National Retail Federation holiday
budgets this year will be a conservative $749.51, up slightly from
$740.57 last year. Nevertheless, concerns linger as to whether U.S.
spenders will be able to maintain their current pace of spending.
Although the economy has been adding some jobs for the past 25
months, wages have trailed inflation, rising only 1.6 percent in the
past year. Analyst opinion on Dillard's Inc. accessible for free at
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