, Columnist
Relax, Retailers Are Fine Heading Into the Holidays
Despite some Wall Street skittishness, there’s little to suggest that the big chains have lost a step heading into this crucial season.
If you sell it, they will shop.
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When the forecasts landed earlier this fall for the holiday shopping blitz, all signs pointed toward a merry Christmas for retailers. But last week, major chains such as Macy’s Inc., Walmart Inc., Nordstrom Inc. and Williams-Sonoma Inc. saw their shares whacked after publishing third-quarter earnings results. Was that a signal that something has gone off course?
I don’t think so. The retail industry is still on track for an upbeat holiday season, and the best-run companies will manage to get their share of the spending action.