Sales at leading chain stores were caught in a deep freeze in January as mounting concerns about job security kept more shoppers away from the mall.
With the exception of discounter Wal-Mart and a handful of specialty chains, other retailers suffered big declines in their January same-store sales reports unveiled Thursday.
Same-store sales, or sales at stores open at least a year, are a key indicator of a retailer's overall health. Wal-Mart Stores Inc. reported January sales that beat estimates, helped by strong sales of grocery and health products.
Given its low-price model, Wal-Mart continues to benefit as more recession-conscious consumers trade down to its value prices in groceries and other everyday necessities.
Wal-Mart, the world's largest retailer, said its same-store sales rose 2.1% for the month.
With the exception of discounter Wal-Mart and a handful of specialty chains, other retailers suffered big declines in their January same-store sales reports unveiled Thursday.
Same-store sales, or sales at stores open at least a year, are a key indicator of a retailer's overall health. Wal-Mart Stores Inc. reported January sales that beat estimates, helped by strong sales of grocery and health products.
Given its low-price model, Wal-Mart continues to benefit as more recession-conscious consumers trade down to its value prices in groceries and other everyday necessities.
Wal-Mart, the world's largest retailer, said its same-store sales rose 2.1% for the month.
Source: Reuters
I mean seriously, Walmart is the best place to go and do your shopping. I know that Walmart is taking over the market and is making other small businesses to go out of business, but in times like this, The only thing people want is SAVE MONEY, and Walmart saves you money. So i'm not surprised at all that Companies like Walmart, McDonalds, and Netflix are doing so good in these tough times in the U.S.
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