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Discounters Fared Well in Quarter
Summary from multiple countries, from articles in English
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Mart Stores and the TJX Companies said Tuesday that sales and profit surged during the first three months of the year as belt-tightening consumers flocked to their deeply discounted merchandise. (article 5)
On average, those four retailers are expected to report a 50 percent decline in first quarter profit, predicted Bill Dreher (article 5)
Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its profit rose 6.9 per cent in its first quarter on higher sales, as lower prices helped boost its results, topping Wall Street's expectations. (article 2)
Wal-Mart shares, which through Monday were up 22 percent year to date and have outperformed the 29 other components of the Dow Jones Industrial average, fell 2.1 percent in morning New York stock Exchange trading. (article 4)
" Customers are faced with results of a tougher economy, higher gas prices, food inflation and the increase in the overall cost of living said Eduardo Castro-Wright on a recorded call. (article 4)
TJX Cos., which operates stores under the T.J. Maxx, Marshalls, HomeGoods names, said its first-quarter profits rose almost 20 percent, meeting analysts' projections. (article 3)
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Other stories about percent, sales and quarter:
Event tracking:
Story keywords
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percent, sales, quarter, billion, Stores |
Source articles
- Wal-Mart profit rises 6.9 pct but outlook cautious (Washington Post, 05/13/2008, 605 words)
- Wal-Mart beats Wall Street expectations in Q1 (cbc.ca, 05/13/2008, 210 words)
- Wal-Mart and TJX report solid 1st-quarter profit gains (seattletimes.nwsource.com, 05/13/2008, 743 words)
- Wal-Mart profit up, but outlook hits shares (Washington Post, 05/13/2008, 312 words)
- Discounters Fared Well in Quarter (nytimes.com, 05/14/2008, 785 words)
- Wal-Mart warns on slowdown threat (BBC News, 05/13/2008, 217 words)
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blaster@cs.columbia.edu
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