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The current issue discusses the following topics:
--Subsector Spotlight: Fourth-Quarter 2011 Department Store Sales Show Continued Bifurcation;
--Other Notable Results: Fitch's expectations for 2012 on select retailers such as The Gap, Levi, RadioShack, and Jones Apparel based on recently reported fourth quarter sales and/or earnings results;
--Rating Actions over the past three months.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: U.S. Retail Credit Insights
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=671130
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.


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