Monday, February 4, 2013

Which of the large retailers are hurting the most?

It is the time of year again, when America’s largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year. And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses: 
[...] 
24/7 Wall St. reviewed the weakest large U.S. retailers and picked those that likely will not be profitable next year if they keep their current location counts. 24/7 analyzed the retailers’ store counts, recent financial data, online presences, prospects against direct competitors and precedents set by other large retailers that have downsized by shuttering locations. We then forecast how many stores each retailer will have to close this year to sharply increase its prospects financially, even if some of those location closings do not occur for several years. These forecasts were based on drops in same-store sales, drops in revenue, a review of direct competitors, Internet sales and the size of cuts at retailers in the same sector, if those were available.
These are the eight retailers that will close the most stores in 2013: 
1. Best Buy - Forecast store closings: 200 to 250 Number of U.S. stores:1,056 One-year stock performance: -36.8%.... 
2. Sears Holding Corp - Forecast store closings: Kmart 175 to 225, Sears 100 to 125 Number of U.S. stores: 2,118 One-year stock performance: 8.8%.... 
3. J.C. Penney - Forecast store closings: 300 to 350 Number of U.S. stores: 1,100 One-year stock performance: -53.6%....
Read the rest of story and the list in detail HERE.

If you like what you see, please "Like" us on Facebook here.
Please follow us on Twitter here.

No comments: