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Five Top Retail Discounters To Place On Your Investment Radar
When it comes to the recession-ridden U.S retail sector, discounters are king.
Heading into the all-important back-to-school and holiday shopping seasons, U.S. retailers as a group are struggling. Same-store sales among the 31 retailers that report such figures fell an average of 6.4% in the month of July, as the worst downturn since World War II continues to savage consumer confidence.
"You still have a picture of the consumer remaining under pressure and having fewer dollars to spend," Michael Dart, senior partner at Kurt Salmon Associates, said in a Reuters interview. "Every consumer group is being more practical and more budget-conscious."
The two leading…
11Aug2009 | Money Morning | 0 comments | ContinuedWal-Mart Getting Roll-Back Pricing on Taxes?
Ads featuring Wal-Mart (NYSE: WMT) are all over the television recent days. Normally, that would be a good thing for the discount retailer. In this case, however, Wal-Mart is being used in a Barack Obama political ad. The ads claim that John McCain is giving millions of dollars in tax cuts to Wal-Mart “and millions more to its CEO.” Seeking to play off the resentment many small communities and small business owners feel when a Wal-Mart store opens up in their towns, the Obama campaign is using the company as a surrogate for the evils of big business and the politicians…
23Sep2008 | Managing Money | Comments Off | Continued
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