Shares Slump as February Comps Disappoint

With all the news of an impending recession, skyrocketing fuel prices, and a very unstable housing market what is the outlook for 08?

Well the fourth quarter and 2007 fiscal year numbers are in and PetSmart still managed to squeeze out a positive fourth quarter comp, as well as a positive fiscal 2007.

Nobody knows what the future holds for apparel sales, but considering the conditions at the moment, they don't look very good. Look for special deals from your favorite stores as they have already started with good deals and online specials. Look for the Government checks to arrive in the Spring which should give a shot in the arm and help with overall sales. Gas prices will remain a factor as they...

Middle income consumers are trading down from department stores such as Kohl's,  Bon-Ton and Macy's to off-price retailers and discounters like TJX and Ross Stores, Wal-Mart and Costco.  Missy apparel retailers and brands targeting "boomers" are suffering more than most in this economic downturn. Aeropostale, Urban Outfitter's, J. Crew and H&M are thriving at a time most...