Counter Culture

June sales results proved that discount chains are the ones winning the battle during this recession downturn.

According to ICSC’s monthly same-store sales survey, luxury stores experienced a 10.9% year over year decline in June, while discounters rose 5.1%. Wal-Mart’s 6.4% gain compared with Nordstrom’s 18.6% decline tells the plainly tells the story.
Continue reading ‘Discounters Rule the Retail Landscape’

To the surprise of few, wholesale clubs and discounters had the strongest sales in February, as the economy continues to smack down consumers. Costco’s same-stores sales rose 7% year over year, and Wal-Mart’s chains advanced a solid (for this environment) 2.6%.

But February’s results still left us with some questions.
Continue reading ‘Costco, Wal-Mart Benefit From Downturn’