Feb
18

Economic Update — Grocers Have the Edge in Retail

By
– Commercial Property News

In terms of profits, Wal-Mart took a haircut in its most recent fiscal quarter, but not a bath. Net income for the period ended Jan. 31 was $3.79 billion, or 96 cents a share, down from $4.1 billion, or $1.02 a share, during the same period a year ago. For a company that’s used to growth upon growth, that might be a disappointment, but most retailers would probably trade their recent numbers with Wal-Mart’s without hesitation. The retailer’s stock nudged upward 3.86 percent on the news.

The best category for Wal-Mart was reportedly groceries as consumers cut spending in other categories, such as clothing, while simultaneously looking for value pricing in foodstuffs. The chains that can meet the needs of recession-minded consumers stand to do better than most retailers in these hard times, and even grow if local market conditions are just right.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.commercialpropertynews.com/cpn/content_display/property-types/retail/e3i39dad3309e171bf96a7a8568ad2ecb45
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