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Friday, June 04, 2010
Wal-Mart, Target divergence seen in first quarter
Reuters
At the same time, consumers who have held onto their jobs and enjoy a higher income bracket have become more willing to buy items like clothes and home furnishings, a shift that helps Target, analysts said.
"Right now they (Wal-Mart) are selling basic apparel and things that are selling right now are non-basic apparel," said Brian Sozzi, analyst at Wall Street Strategies.
Link to full article: http://www.reuters.com/article/idUSN139790520100513
Posted by Brian Sozzi, Research Analyst
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