"Sales at department stores and specialty retailers are in free fall. They are cutting staff, discounting merchandise and closing stores to survive. But even as the financial turmoil strangles discretionary spending at many stores, it is sending struggling consumers into the arms of Wal-Mart — and is leaving the world’s largest retailer, poised for a blockbuster Christmas."
As the article mentions, other discount, wholesale retailers like BJ's and Costco may also see better than expected sales numbers during the coming months. Looks like in America, price and value are still king.
That’s great..! I am a big fan of WalMart.
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