By
The Associated Press
.
Published: Tue, December 25, 2007 - 4:49 pm
Last Updated: Tue, December 25, 2007 - 4:52 pm
NEW YORK (AP) - Holiday sales reports aren't exactly showinggood news.
Target, the nation's No. 2 retailer, is warning that its sales
may have fallen this month.
Target says it expects comparable store sales for the five weeks
ending January 5th to be between a 1 percent increase and a 1
percent decrease, a shift from the 3 to 5 percent increase the
chain had forecast for December.
Target says an increase in store traffic in the third week of
the holiday season "was not sufficient to compensate for the
unfavorable traffic trends that carried over into December."
Meanwhile, Costco's chief financial officer tells The Wall
Street Journal that the retailer has had "pretty good"
holiday-season results so far.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
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