Empty Pockets Leave Retail Stocks Staggering
January 09, 2009 at 19:18 PM EST
Holiday sales results, long expected to be anemic, under-performed depressed expectations. December sales results are generally the most closely watched and most important results of the year, and almost every firm failed to deliver what the market needed to hear. Observers knew that consumers were going to be very cost-conscious amidst one of [...]