PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (516379)	12/27/2003 4:59:34 PM
From: Oeconomicus	Read Replies (1) of 769670

This retail disaster ... This one? ...unlike last year, luxury chains appeared to be thriving, helped by a recovering U.S. economy and stock market... The International Council of Shopping Centers trade group estimated that gift card demand doubled to roughly 10 percent of all holiday dollars spent this year ... Luxury chains continued to shine, and analysts said many were able to sell merchandise at full price, which should protect profits. Sharper Image Corp. (NasdaqNM:SHRP - News), which sells pricey gadgets, said on Friday that sales at stores open at least a year were up 21 percent through Christmas Eve, and raised its earnings forecast. Analysts expect upbeat reports from other high-end retailers in the next few weeks. biz.yahoo.com

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