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Not Much Cheer in Retail

Holiday sales can't match estimates in US.

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By: TOM BRANNA

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Holiday 2012 was ho-hum for retailers. Early results from individual retailers found a mixed bag of results. For example, while Macy’s posted gains of 4.1% and Gap sales rose 5%, others fell far short of that mark. The National Retail Federation had projected a 4.1% rise in 2012 to $586.1 billion in holiday sales. A complete picture is expected to come into focus in the next couple of weeks. Target Corp. said sales increased just 0.8%, The Buckle Inc. reported a 1% increase, Bon-Ton ...

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