Retailers, scheduled to report their critical December same-store sales on Thursday, will likely show disappointing results hurt by factors including declining consumer confidence tied to Washington’s fiscal-cliff uncertainty, analysts said Monday.
Consensus estimates for December, according to Retail Metrics data, fell another 0.2 percentage point on Monday for both same-store sales and the tallies excluding drug stores — to increases of 1.9% and 3.7%, respectively. Retail Metrics noted that the average analyst estimate has declined by 0.6 percentage point from the start of the month.
Via – MarketWatch
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