Discounters Cite Stimulus Checks in Sales Gains

Discount retailers yesterday said they received a boost last month from consumers spending their economic stimulus checks.

BENTONVILLE, Ark. — Discount retailers yesterday said they received a boost last month from consumers spending their economic stimulus checks. Wal-Mart Stores here posted a 5.8% gain in U.S. comparable-store sales, excluding fuel, for the five-week span ending July 4. “The economic stimulus checks were a positive factor in Wal-Mart U.S.’s higher traffic,” the company said in a recorded call. The company raised its profit guidance for the second fiscal quarter based on the strong sales,

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