One's Gain Is Another's Loss
Posted on September 4th, 2008 by SmartShopIt
Yet another sign of the changing times as companies report their quarterly financials. Walmart (NYSE:WMT) reported strong earnings on August 14, 2008 and said it saw growth in both store traffic and overall sales. On the flip side, Whole Foods (NYSE:WFM), a high end supermarket chain dissapointed investors with their earnings report. John Mackay, CEO, said that it is the toughest retail environment they have seen in 30 years.
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