U.S. shoppers seeking cheap groceries boosted December sales at discount retailer Wal-Mart Stores Inc, but a pullback in discretionary purchases by middle-income shoppers hurt holiday sales at rival Target Corp.I wonder if local business "experts" Chris Lupke and TV Reed, who have predicted the "end of Wal-Mart," will have some comment on this? I don't think so either.
The sales data released on Thursday by the top U.S. discount retailers showed consumers are loading up on necessities and discounted goods, but splurging only selectively in the face of high gas prices, food inflation and a shaky housing market.
Technorati Tags: wal-mart walmart
No comments:
Post a Comment