Eleven shopping days, and counting. Holiday sales got off to a rip-roaring start on Black Friday, then seemed to lose steam. Will retailers end December in the black?
Marshall Cohen, chief retail analyst at market-research firm The NPD Group, told “Morning Call” that holiday profits may be forthcoming, but it will take a while before retailers know they are in the black. One reason he notes: Gift cards, whose sales are expected to hit $30 billion this year.