I read one survey where was stated that one-third of women in the US said they planned no clothing purchases in 2009. Normally this figure is just 4%. We expect that in the retail sector more pain will come. We had already Circuit City, Linens ‘N Things and Mervyn’s going out of business but it will not stop here.
Forbes has come out with a list of names that will suffer in the months ahead. We mention Lane Bryant, Gap (ticker: GPS) and Starbucks (ticker: SBUX). The real big one would be Sears Holdings (ticker: SHLD), operator of Sears and Kmart stores.
Forbes has come out with a list of names that will suffer in the months ahead. We mention Lane Bryant, Gap (ticker: GPS) and Starbucks (ticker: SBUX). The real big one would be Sears Holdings (ticker: SHLD), operator of Sears and Kmart stores.
Narrow specialties (Sprint cell phones) or high prices (Starbucks’ coffee) will suffer too. Also other high scale outlets like Applebee’s and Cheescake factory (ticker: CAKE) could be a casualty this year.
No comments:
Post a Comment