From the San Diego Union Tribune, we have some retard writing about Retailers dismayed by December sales figures.
Gap's board, it appears, has had enough.
After a dismal holiday season – the third in a row – the chain's directors are participating in a broad review of the company's strategy, intensifying pressure on the chief executive, Paul Pressler, to pull it out of a protracted sales slump.
Analysts blamed the results on mild weather that depressed sales of winter wear, and consumers – worried about the housing market and energy prices – who waited until just before Christmas to do their shopping.
Wouldn't warmer weather make consumers more likely to go out and shop?
And if you had warmer weather, why are the consumers "worried" about energy prices?
Hmmmm....
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