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One part of retail that has been outperforming the rest of the sector is warehouse clubs, where cash-strapped consumers shop looking for lower prices on food and gasoline.
BJ’s Wholesale Club posted better-than-expected profit for its fiscal fourth quarter, while Costco’s quarterly earnings were in line with expectations.
Both retailers posted better-than-expected same-store sales in [...]
http://feeds.reuters.com/~r/reuters/blogs/shop-talk/~3/246182172/