BUSINESS
By Mike Porter and Mike Porter,MORNINGSTAR.COM | September 22, 2002
Despite a weak economy this year, American consumers have been surprisingly loath to put away their wallets and purses. If the economy doesn't slip into a double-dip recession, it is these spendthrift consumers who deserve much credit. Spending could hardly have been described as robust, but the MARTS Retail Sales index has been in positive territory month-to-month for most of the year. The two big winners have been electronics retailers and discount stores. Two of the latter - BJ's Wholesale Club and Costco - are on our list, but two other standouts have nothing to do with discounting.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 9, 2001
Retail sales grew at an expected slow pace in February, as U.S. consumers continued tightening spending amid a weakening economy. Sales at the nation's biggest chain stores rose, on average, 2.8 percent for the month, when retailers typically clear out winter merchandise, a Bank of Tokyo-Mitsubishi index showed. The gain fell short of a much healthier increase of 6 percent in February 1999, before consumer confidence began to ebb because of higher fuel costs and a plunging stock market.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | September 3, 1999
Specialty apparel chains and discount stores saw their sales climb in August, while other retailers blamed sluggish back-to-school sales for disappointing monthly results.Sales at the nation's chain retailers, reported yesterday, rose, on average, a healthy 6.6 percent based on an index of 75 retail chains tracked by Bank of Tokyo-Mitsubishi Ltd.Among those benefiting most from strong consumer confidence and spending during the first month of back-to-school shopping were mass discounters such as Wal-Mart Stores Inc., the world's largest retailer.
NEWS
By Anne Haddad and Anne Haddad,SUN STAFF | September 26, 1999
Two boxes will arrive at Hampstead's door next year: One is called Wal-Mart; the other, Sweetheart Cup Co.When the boxes are opened, cars and trucks will stream out and come back in, sometimes as many as 623 more per hour than usual along congested Route 30.Residents fear not so much that things in Hampstead will change, but that they will get worse.The owners of Bob's Variety Store worry that the increased traffic will go beyond the rush-hour crawl that already keeps patrons from their doors.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | April 12, 2002
Drugstores, discounters and furniture stores helped lead a rise in retail sales last month as consumers continued hunting for bargains while shying away from department stores and specialty and apparel stores. Many retailers were helped by the Easter holiday - which came two weeks earlier this year - but unseasonably cool weather across most of the country tempered sales in March. Nationwide, major retailers' sales climbed 6.4 percent over March 2001 at stores open at least a year, according to Bank of Tokyo-Mitsubishi Ltd.'s index of 81 national chain stores.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 22, 2000
Get your hair trimmed and styled. Apply for a loan. Leave the car for an oil change, and drop off the kids in the game room. Stock up on socks, detergent, printer cartridges, milk, ground beef, bananas, paint and mulch. You could, in one trip, get a rotisserie chicken for dinner, some extra tennis balls and a rifle. It's one-stop shopping the Wal-Mart way, at "supercenters" up to twice the size of a typical Wal-Mart. For the world's largest retailer, it's also the future. With $165 billion in annual sales, 4,100 stores and more than a million workers, Wal-Mart has reached unparalleled dominance in the history of retailing.