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Major retailers post mixed holiday sales reports

Several major retailers posted holiday sales earnings Jan. 3, showing mixed reports.

Retail industry hopes best is yet to come

The retail industry capped off the year with reportedly the weakest holiday sales growth since 2008. In Westchester, retailers hope new and revitalized shopping destinations will translate into bigger numbers.

Report: Holiday retail sales growth weak

Factors ranging from fear over the impending fiscal cliff to inclement weather contributed to a smaller-than-expected increase in holiday retail spending, according to MasterCard Advisors' Dec. 25 SpendingPulse report.

Analysts project retail sales to increase 4 percent

As major retail chains gear up for the 2012 holiday season, analysts and trade associations are projecting year-end sales will increase more than 4 percent, with seasonal hiring comparable to last year.