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Article: Retailers likely to see average numbers over holiday season, analysts predict.

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Knight Ridder/Tribune Business News
Article date:
September 23, 2004
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By Scott Carlson, Pioneer Press, St. Paul, Minn. Knight Ridder/Tribune Business News

Sep. 23--With higher energy prices hitting consumers and many merchants experiencing weak back-to-school sales, U.S. retailers could face a "ho hum holiday season" this fall, a Wall Street analyst predicted Wednesday.

Lehman Bros. analyst Alan Rifkin offered that initial long-range forecast on the approaching holiday season, predicting overall U.S. retail sales will rise a modest 3 percent to 4 percent compared with the 5.2 percent gain that merchants posted for the same period last year over 2002.

Rifkin's estimate came the same day the National Retail ...

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