July 29, 2011 at 11:28 AM EDT
A Reversal is Occurring in Retailing: WMT, TGT, COST, PSMT, DG
Consumer spending drives the economy and gross domestic product (GDP) growth, accounting for about 70% of GDP in the U.S. The retail sector has been rebounding in spite of the lack of jobs and the declining home prices. The S&P Retail Index (RLX) is trading near its 52-week high, up 37% from the 52-week low. [...]
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