With Just Days Left, Grinch Is Stealing Retail Christmas: Chartby
It may not be a very merry year for retail profit margins, Bloomberg Intelligence analysts Chen Grazutis and Mariam Sherzard find.
Month-to-date sales rose 1.8% from 2014, less than Johnson Redbook’s 2.3% December target. Warmer temperatures probably deterred purchases of seasonal gear, pushing retailers to deepen discounts. That’s on top of holiday promotions, which will pressure margins and profits. For a link to the full report, click here.