Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  <span class="sent">Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as Saks Inc., <span class="company">Nordstrom</span> Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  <span class="sent">Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as <span class="company">Saks</span> Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

“While the European luxury goods sector has performed well this year, making an investment less attractive now, firm’s are managing costs much more aggressively and organic sales growth will likely return to positive territory in 2010.” FTI Consulting Inc anticipates a 2% annual decrease in U.S holiday season sales, with highly discretionary categories among the hardest hit. However, the firm sees one glimmer of hope: luxury goods. FTI predicts this group will see substantial gains when compared with last year, primarily as a result of Wall Street’s comeback and a stronger sense of optimism among the wealthy. Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  “While the European luxury goods sector has performed well this year, making an investment less attractive now, firm’s are managing costs much more aggressively and organic sales growth will likely return to positive territory in 2010.” <span class="company">FTI Consulting</span> Inc anticipates a 2% annual decrease in U.S holiday season sales, with highly discretionary categories among the hardest hit. However, the firm sees one glimmer of hope: luxury goods. FTI predicts this group will see substantial gains when compared with last year, primarily as a result of Wall Street’s comeback and a stronger sense of optimism among the wealthy. <span class="sent"> Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  <span class="sent">Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as <span class="company">Saks</span> Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

“While the European luxury goods sector has performed well this year, making an investment less attractive now, firm’s are managing costs much more aggressively and organic sales growth will likely return to positive territory in 2010.” FTI Consulting Inc anticipates a 2% annual decrease in U.S holiday season sales, with highly discretionary categories among the hardest hit. However, the firm sees one glimmer of hope: luxury goods. FTI predicts this group will see substantial gains when compared with last year, primarily as a result of Wall Street’s comeback and a stronger sense of optimism among the wealthy. Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  “While the European luxury goods sector has performed well this year, making an investment less attractive now, firm’s are managing costs much more aggressively and organic sales growth will likely return to positive territory in 2010.” <span class="company">FTI Consulting</span> Inc anticipates a 2% annual decrease in U.S holiday season sales, with highly discretionary categories among the hardest hit. However, the firm sees one glimmer of hope: luxury goods. FTI predicts this group will see substantial gains when compared with last year, primarily as a result of Wall Street’s comeback and a stronger sense of optimism among the wealthy. <span class="sent"> Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

Fitch Ratings director Monica Aggarwal, who tracks high end retailers such as Saks Inc., Nordstrom Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole.  
Share:  <span class="sent">Fitch Ratings director <span class="analyst">Monica Aggarwal</span>, who tracks high end retailers such as Saks Inc., <span class="company">Nordstrom</span> Inc and Neiman Marcus Inc., thinks holiday sales for luxury stores could be even lower than the 4% year over year decline anticipated for department stores as a whole. </span> Tweet this 

While consumer confidence has climbed slightly, and some shoppers are willing to spend a little more this season, most are restricting themselves to practical purchases and forgoing designer clothing and accessories that may go out of fashion quickly. The National Retail Federation said Tuesday that it expects U.S retail sales to fall to 2005 levels in the coming holiday season, though the expected decline of 1% isn't as deep as the 3.4% plunge of the 2008 holiday season. Some industry observers, such as Monica Aggarwal, a Fitch Ratings analyst, expect the sales declines at luxury retailers to continue until late 2010 or 2011. Still, the size of the expected decline in luxury goods sales this holiday season is an improvement over last year's miserable results. Sales of luxury merchandise are set to fall by 2% in November and December, according to the International Council of Shopping Centers, a trade group. 
Share:  While consumer confidence has climbed slightly, and some shoppers are willing to spend a little more this season, most are restricting themselves to practical purchases and forgoing designer clothing and accessories that may go out of fashion quickly. The <span class="company">National Retail Federation</span> said Tuesday that it expects U.S retail sales to fall to 2005 levels in the coming holiday season, though the expected decline of 1% isn't as deep as the 3.4% plunge of the 2008 holiday season. <span class="sent"> Some industry observers, such as <span class="analyst">Monica Aggarwal</span>, a Fitch Ratings analyst, expect the sales declines at luxury retailers to continue until late 2010 or 2011. </span> Still, the size of the expected decline in luxury goods sales this holiday season is an improvement over last year's miserable results. Sales of luxury merchandise are set to fall by 2% in November and December, according to the International Council of Shopping Centers, a trade group. Tweet this 

As fashion editors, department store buyers and couture afficionadoes congregate along the catwalks for New York's Fashion Week shows, luxury retailers and designers may be looking upon beauty but their thoughts are likely on the ugly economy. The crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group. As analysts scan the landscape they see a virtual Who's Who of battered luxury chains. 
Share:  As fashion editors, department store buyers and couture afficionadoes congregate along the catwalks for New York's Fashion Week shows, luxury retailers and designers may be looking upon beauty but their thoughts are likely on the ugly economy. The crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high end consumers in their <span class="company">Gucci</span> pocketbooks. <span class="sent"> "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said <span class="analyst">Monica Aggarwal</span>, a director in Fitch Ratings Retail Group. </span> As analysts scan the landscape they see a virtual Who's Who of battered luxury chains. Tweet this 

As fashion editors, department store buyers and couture afficionadoes congregate along the catwalks for New York's Fashion Week shows, luxury retailers and designers may be looking upon beauty but their thoughts are likely on the ugly economy. The crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group. As analysts scan the landscape they see a virtual Who's Who of battered luxury chains. 
Share:  As fashion editors, department store buyers and couture afficionadoes congregate along the catwalks for New York's Fashion Week shows, luxury retailers and designers may be looking upon beauty but their thoughts are likely on the ugly economy. The crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high end consumers in their <span class="company">Gucci</span> pocketbooks. <span class="sent"> "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said <span class="analyst">Monica Aggarwal</span>, a director in Fitch Ratings Retail Group. </span> As analysts scan the landscape they see a virtual Who's Who of battered luxury chains. Tweet this 

Twenty one analysts estimated $2.78. Kohl's introduction of more exclusive brands such as Simply Vera Vera Wang and ELLE has bolstered revenue and improved profit as a percentage of sales, President and Chief Executive Officer Kevin Mansell , said in the statement today. The chain has pared the amount of merchandise it carries to minimize markdowns. "Kohl's is clearly the leader in managing inventory," Monica Aggarwal, an analyst at Fitch Ratings Service in New York, said in an Aug. 11 interview. Net income declined to $229 million, or 75 cents a share, in the second quarter ended Aug. 1 from $236 million, or 77 cents, a year earlier, the company said. 
Share:  Twenty one analysts estimated $2.78. <span class="company">Kohl</span>'s introduction of more exclusive brands such as Simply Vera Vera Wang and ELLE has bolstered revenue and improved profit as a percentage of sales, President and Chief Executive Officer Kevin Mansell , said in the statement today. The chain has pared the amount of merchandise it carries to minimize markdowns. <span class="sent"> "<span class="company">Kohl</span>'s is clearly the leader in managing inventory," <span class="analyst">Monica Aggarwal</span>, an analyst at Fitch Ratings Service in New York, said in an Aug. 11 interview. </span> Net income declined to $229 million, or 75 cents a share, in the second quarter ended Aug. 1 from $236 million, or 77 cents, a year earlier, the company said. ...The chain has pared the amount of merchandise it carries to minimize markdowns. <span class="sent"> "<span class="company">Kohl</span>'s is clearly the leader in managing inventory," <span class="analyst">Monica Aggarwal</span>, an analyst at Fitch Ratings Service in New York, said in an Aug. 11 interview. </span> Net income declined to $229 million, or 75 cents a share, in the second quarter ended Aug. 1 from $236 million, or 77 cents, a year earlier, the company said. The company said last week earnings were as much as 74 cents. The average profit estimate of 19 analysts surveyed by Bloomberg was 74 cents. Tweet this