Retailer CFOs Upbeat Despite Credit Issues From Shopping Centers Today September 17, 2007
Retailer CFOs are concerned about the effects of the U.S. credit crunch on sales in the second half, but many are keeping a positive outlook about full-year performance, according to an August survey by accounting firm BDO Seidman. 71 percent of retailers anticipate total sales revenue to increase this year over last year. Only 11 percent say they expect a decrease. Overall, these CFOs anticipate that average revenue growth for the year will be about 5.6 percent. The findings are part of BDO Seidman’s Retail Compass Survey, which recorded the opinions of 140 finance chiefs at U.S. retailers posting revenues of $100 million or more. Some 23 percent of the respondents are with the top 100 companies.
