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Check Out Line: Consumers seek basics; retailers seek mergers

Started by calm_girl, May 21, 2008, 04:41:47 PM

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Check Out Line: Consumers seek basics; retailers seek mergers
      


Check out a busy day for retailers as earnings — or losses – poured in from BJ’s Wholesale, Talbots, Charming Shoppes and Brown Shoe. 
The “flight to necessities” by the U.S. consumer was on display as BJ’s  — which sells food and fuel — posted a 26 percent jump in quarterly profit.
But for businesses steeped in discrection, the quarter [...]
         

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