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Nyc: Retailers reported dismal sales figures for December today as even WalMart Stores Inc., one of the bright spots in the marketplace, finally buckled under the pressures on the deteriorating economy.

As the figures confirmed fears how the christmas was the weakest in four decades, the malaise cut through pretty much all areas from kitchen gadget stores to jewelry purveyors and teen apparel retailers.

The deep discounts that began well before the official beginning of the christmas spurred a number of merchants to take their earnings outlooks, fueling more concerns regarding the health of this marketplace.

One of many retailers that reported steep sales declines were Sears Holdings Corp., which operates Kmart and Sears stores, luxury retailer Saks Inc. and Gap Inc. However the biggest surprise originated from WalMart, our planet's largest retailer, which posted an inferior sales gain compared to what Wall Street expected and cut its fourthquarter earnings outlook.

''This points too the bottom income group is feeling the pinch over we thought and this is clearly reflected inside the lowerthanexpected numbers at WalMart,'' said Ken Perkins, president of research company RetailMetrics LLC. ''I think it says the economy is more dire straits than we thought.''

WalMart, blaming the weak economy and severe winter conditions, stated that samestore sales, or sales at stores opened at least per year, rose 1.2 percent. Excluding [url=http://avatostudios.co.uk/]gucci wallet[/url] the outcome of declining gasoline prices at the pump, the gain [url=http://avatostudios.co.uk/]gucci uk[/url] was 1.7 percent. Analysts surveyed by Thomson Reuters had expected a two.8 percent increase, excluding fuel.

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Given the disappointing sales and higherthananticipated expenses, WalMart claimed it now expects to earn 91 cents to 94 cents per be part of the final quarter from continuing operations. That's down by reviewing the previous projected range of $1.03 per share to $1.07 per share. Analysts surveyed by Thomson Reuters expected $1.06 per share.

Discount rival Target Corp., that has been stumbling because its merchandise focuses read more about nonessentials like trendy clothes, announced a 4.1 % decline in samestore sales, superior to the 9.1 percent drop that Wall Street analysts predicted.

Meanwhile, Costco Wholesale Corp. reported a Four percent decline in samestore sales, but excluding the impact of lower gas prices and currency fluctuations, this process posted a 4 % gain. Lower gas price is best for consumers, but decrease the product sales for retailers like Costco.

Among stores, Sears Holdings said its December samestore sales dropped 7.Three percent, overwhelmed using a 12.8 percent drop at domestic Sears stores. This company, whose brands include Kenmore and Craftsman, said Kmart samestore sales fell 1.1 %.

Macy's Inc. reported that samestore sales fell 4 percent in December, less than the 5.Three percent decline that [url=http://www.delectogifts.co.uk/]gucci uk[/url] analysts [url=http://avatostudios.co.uk/]gucci purses[/url] had expected. For the combined NovemberDecember period, samestore sales were down 7.5 percent. But the department shop chain cut its fourthquarter and fullyear earnings outlook on account of heavy markdowns and announced promises to close 11 underperforming stores. The chain operates over 840 Macy's [url=http://avatostudios.co.uk/]gucci sale[/url] stores. Penney Co.'s samestore sales within its department shop division fell 8.1 %, greater than the ten.3 % decline analysts had expected.

But luxury stores fared far worse as affluent shoppers sharply minimize buying Gucci handbags along with status goods, spooked through the financial meltdown that ended in massive layoffs on Wall Street and shrinking stock portfolios. Saks Inc. posted a 19.8 percent drop to the month, worse versus the 10 [url=http://www.delectogifts.co.uk/]gucci bag[/url] percent decline Wall Street expected. Neiman Marcus Group Inc. a break down 27.5 % decline in samestore sales.

Limited Brands Inc. posted a ten percent drop, in excess of the 7.8 percent decline analysts predicted. This company also lowered its fourthquarter earnings outlook.

Gap Inc. a break down 14 percent stop by samestore sales, worse compared to 9.3 percent decline that analysts had expected. What's more, it cut its earnings outlook.

''Customers waited until late inside month to go so we faced an extremely competitive promotional environment,'' said Gap's Chief Financial Officer Sabrina Simmons.

Teen apparel retailers also suffered by way of a miserable holiday season. Wet Seal Inc. reported a 12.5 percent decline, greater than the 11.9 percent analysts expected, becasue it is Arden B chain dragged down results. Abercrombie Fitch Co. reported a 24 percent drop, in line with the 23.5 percent drop analysts had forecast.

Kitchen gadget chain WilliamsSonoma Inc., which didn't use December figures, said its samestore sales dropped in excess of 24 percent for that eightweek period ended Dec. 28 and warned its fourthquarter profit will likely appear in with the low end of expectations.

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