Wednesday, November 5, 2008

Recession's Biggest Winner: Walmart?!

. Wednesday, November 5, 2008

Analysts are predicting a Wal-Mart Christmas this year as the retail giant is expected to outperform its rivals and other retail and speciality stores during the crucial Christmas shopping season. Wal-Mart is slated to not only outperform its rivals, but grow its sales and remain profitable in the face of recession and declining consumption.

"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. 


Anonymous said...

That’s great..! I am a big fan of WalMart.

Recession's Biggest Winner: Walmart?!




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