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Fitch: M&As to Drive 2006

NEW YORK CITY-Fitch Ratings releases its 2006 outlook report, showing that mergers and acquisitions will continue to move real estate.

By Dana Dubriwny | Updated on December 02, 2005

NEW YORK CITY-Fitch Ratings, headquartered locally and in London, released its 2006 retail outlook report and hosted a conference call Thursday to discuss the findings.

Setting the backdrop, Fitch noted that in 2005 shoppers were willing to splurge even as they looked for bargains, prompting luxury chains and warehouse clubs to lead the industry for another year. However, retailers catering to low- and middle-income consumers found difficulty in generating meaningful comp-store sales growth.

During the year, the retail industry also saw an influx of investment dollars, which led to a resurgence of mergers and acquisitions. Notable mergers changed the face of the department store sector during 2005, including Sears/Kmart and Federated/May, while several retailers were taken private.

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