Wednesday, May 19, 2010

Good tidings make me giddy

All the good news is dizzying. I wrote up stories for Chain Store Age's Web site yesterday and today that included doubled profits, same-store sales gains, total sales leaps. About the only bad news over the last day or two has been Wal-Mart’s declining customer counts -- and with the kind of service offered at the world’s largest retailer, is that any wonder?

But this isn’t a Walmart bashing session. I’m in much too good a mood to be negative. I just finished reading a news report that has retailers prepping for a consumer comeback -- a comeback that includes cashmere and other luxury purchases such as $1,500 python skin shoes. Who’d have thunk it?

Check it out:

--Katherine Field

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