Wal-Mart's much slower rate of sales growth in November clearly shows this is a matured global business, ... As supermarket goods continue to increase as a percentage of sales -- and this includes consumables and perishables sold in big volume at Sam's Club -- we will expect to see a persistently slower rate of top line growth.
More Quotes from Richard Hastings:
Consumers are benefiting from a combination of tax stimulus, new products, good apparel fashions and compelling prices.Richard Hastings
The fact that the Chinese currency is pegged to the dollar helps eliminate the inflationary effect on goods from China, ... The U.S., however, doesn't see that benefit from its other trading partners.
Richard Hastings
Unlike Europe, Asian markets are more receptive to big-box formats, ... The model of relationships between households, labor, production, the market and resources are more easy to replicate there.
Richard Hastings
Sears did a superb job on seasonal holiday promotions in circulars and TV ads and enjoyed a strong November. Sears comparable sales gains compares favorably to last year when November 2003 same-store sales were down 3.6 percent,
Richard Hastings
Mass merchandising and discount retailing is moving in a big way toward private labels and exclusive designer brands, ... That Wal-Mart is rumored to be contemplating something like this is logical, given the trend in the industry.
Richard Hastings
There are five business days until the comparable-store sales figures come out. Stores will be assessing things, and we could see some warnings, if they haven't done well.
Richard Hastings
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Based on Topics: Business & Commerce Quotes, Sales QuotesBased on Keywords: consumables, perishables, sams, wal-marts
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