Mark Friedman Holiday Quotations

As the holiday season continues, we believe increased promotions will give rise to concerns about holiday sales. Specialty retail stocks historically have underperformed in December. We maintain our defensive stance on the group and look for shares to struggle in December as holiday concerns take center stage.

Entering the holiday season we sighted a lack of must-have items as a key concern versus past years. No item emerged, or even color.

increasingly uncertain outlook about revenue growth in the critical holiday season.

The holiday season was strong with fourth quarter (same-store sales) up 14.6 percent. Momentum entering spring is evident, driven by an appealing spring line.