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Politics : PRESIDENT GEORGE W. BUSH

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To: CYBERKEN who wrote (514231)12/22/2003 12:24:28 AM
From: Lizzie Tudor  Read Replies (1) of 769670
 
Cyberken's reality: Retail is on fire, along with capital formation.

Actual reality: Grinch Visits Best Buy, Circuit City
Circuit City shares plunged nearly 7% to $10.34 Wednesday after the electronics retailer missed analysts' bottom-line estimates. Conversely, rival Best Buy saw its shares rise about 3% to $51.50, despite lowering its earnings guidance for the fourth quarter and warning investors that its holiday sales are coming in below expectations

Target Slides on Sluggish Sales
Shares of Target (TGT:NYSE - commentary - research) traded down Tuesday following the company's report that its December sales are "below plan."

Retailers Slash Prices as Sales Sputter
CHICAGO (Reuters) - U.S. retailers flinched first in their annual holiday face-off with consumers, unleashing a fresh round of steep discounts to salvage what remains of a disappointing Christmas shopping season.

Pier 1 falls on warning of lower profit
Snows chill holiday sales, helping prompt downgrade
marketwatch.com
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