Retailers aren't letting a poor start to the year bring them down.
Despite an epidemic of weak first-quarter revenue reports — followed by an anemic start to the current period — several troubled retailers are holding out hope that things will get better in the second half of the year.
At Best Buy, where a lack of major mobile phone rollouts pressured first-quarter sales, managers said they expect revenue to turn positive in the second half, when new products are released. At Abercrombie & Fitch, where sales trends reversed their momentum from the holiday period, the team said it expects comparable sales to remain challenging in the second quarter but improve in the second half. And at Tiffany, the luxury firm's lowered full-year guidance assumes the current quarter will remain tough, but trends will turn for the better in the second half.
Analysts, however, aren't as confident that the second half and holiday season will be merry and bright.