Retailers are reporting higher earnings this week, but it's not because the average shopper is splurging again.
While Wal-Mart and Abercrombie & Fitch posted stronger-than-expected quarterly profit gains yesterday, both chains said the upside was driven by growth at stores in foreign countries.
Wal-mart is especially vulnerable to low-income clients by the national unemployment rate has remained high, said the third quarter earnings rose about 93 percent surge help, in the overseas markets are growing like Brazil and Japan.
However, the world's largest retailer said its fourth quarter quite trade may bring at 1% in the United States. Shoppers remain "focus on necessities and (] pragmatic said:" to spend money in Charles holley, wal-mart's new chief financial officer.
He added that poor shoppers opening their mode get their salary immediately after the wallet is still pronounced as ever."
In the third quarter of income increase, its a&f reaching 29%, said the results from the international sales, almost doubled. But in the United States, discount still hit expensive teenagers retailers profit because consumers keep bargain - conscious.
Luxury retailers are still a window. Sachs said its quarterly profit, surging more than five times the rich shoppers spend Prada bags, spike - Louboutin shoes heeled chic by Christian.
Sachs CEO Steve Sadove said business has become more stable and predictable, rich consumers more growth "stock market recovery.
The day before, because of its annual high-grade core outlook after report a 43 percent in the third quarter profit growth.
Nonetheless, the weak housing market continues to take a toll on main street. Home depot said 2010 sales will miss forecast, although home - improvement giant can squeeze a 21 - percent cut costs third-quarter profit get.
While Wal-Mart and Abercrombie & Fitch posted stronger-than-expected quarterly profit gains yesterday, both chains said the upside was driven by growth at stores in foreign countries.
Wal-mart is especially vulnerable to low-income clients by the national unemployment rate has remained high, said the third quarter earnings rose about 93 percent surge help, in the overseas markets are growing like Brazil and Japan.
However, the world's largest retailer said its fourth quarter quite trade may bring at 1% in the United States. Shoppers remain "focus on necessities and (] pragmatic said:" to spend money in Charles holley, wal-mart's new chief financial officer.
He added that poor shoppers opening their mode get their salary immediately after the wallet is still pronounced as ever."
In the third quarter of income increase, its a&f reaching 29%, said the results from the international sales, almost doubled. But in the United States, discount still hit expensive teenagers retailers profit because consumers keep bargain - conscious.
Luxury retailers are still a window. Sachs said its quarterly profit, surging more than five times the rich shoppers spend Prada bags, spike - Louboutin shoes heeled chic by Christian.
Sachs CEO Steve Sadove said business has become more stable and predictable, rich consumers more growth "stock market recovery.
The day before, because of its annual high-grade core outlook after report a 43 percent in the third quarter profit growth.
Nonetheless, the weak housing market continues to take a toll on main street. Home depot said 2010 sales will miss forecast, although home - improvement giant can squeeze a 21 - percent cut costs third-quarter profit get.
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