Posted on 09/05/08
Discounters' sales rise as U.S. economy falters
Caught in the maelstrom of higher gas and food prices, Americans - even more affluent ones - are seeking shelter in wholesale clubs and discount apparel chains.Low-price operators Costco Wholesale Corp., Wal-Mart Stores Inc. and TJX Cos. reported better-than-expected sales yesterday, while traditional apparel chains J.C. Penney Co. Inc. and Limited Brands Inc. struggled.
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