Market Features
Happy Holidays for Target, Wal-Mart: Report
Citi says the category that will be the hardest hit is jewelry, which doesn't bode well for Tiffany's(TIF) or Zale(ZLC).
No matter what type of retailer, however, Citi warns that inventories may too low to meet demand as 70% of shoppers plan to start their shopping before Black Friday. This is a problem retailers would have dreamed of having last year, as they were forced to rely on heavy discounts due to inventory surpluses. And while lower inventories may result in a weaker top line, it should help boost margins and give retailers more pricing power on must-have items. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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101.78
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10.02 |
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0.44 |
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SPDR Gold
151.62
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-0.21%
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-0.35%
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-2.71%
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