Some Holiday Sales Reports May Decline - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Some Holiday Sales Reports May Decline

Updated:
NEW YORK (AP) -- Holiday sales reports aren't exactly showing good news. Target, the nation's number-two 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% and a 1% decrease, a shift from the 3% to 5% 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.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.