As we all are aware that Retail Sales for same store in US is continuously diminishing, but the it’s not so in case of Discounters. Wal-Mart has showed growth in same store sales by 3% beating the expectations of analysts which was only 1.6%. This is not a surprise as US consumers are now very focused on value, stretching their dollars, and anything deemed not absolutely of need, they are forgoing those purchases. Other low-price chains like Family Dollar Store, BJ’s Wholesale Club have also shown increase in same store sales more than expected. Retailers in Luxury sector like Saks & Nordstrom posted worse-than-expected sales.
Department Stores and Luxury Stores had good expectation this month from back to school deals. But their expectations were shattered.
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Rajeev Damani 
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