Where You Might Not Shop In 2011

Where You Might Not Shop In 2011

Don't tell Borders or Liz Claiborne that the retail business is getting healthy. Despite years of industry cachet, both lose money, tout share prices in the single digits and just couldn't close down stores fast enough in 2010.
Chalk it up to fierce competition and customers' continued refusals to part with cash very easily, even as they loosen the purse strings a bit. Things are certainly less bleak. The latest results from the Commerce Department show that sales rose 6.6% for all retailers in 2010, the best year-over-year result since 1999. Wall Street has been responding. The S&P Retail Index is 23% higher than a year ago.