Deflation Affects Discounters

Value-oriented retailers tended to fare better than competitors in monthly sales figures reported by U.S. retailers Thursday, although product price deflation and a late Labor Day holiday negatively affected their results as well, analysts said.

NEW YORK — Value-oriented retailers tended to fare better than competitors in monthly sales figures reported by U.S. retailers Thursday, although product price deflation and a late Labor Day holiday negatively affected their results as well, analysts said.

Among food retailers, BJ’s Wholesale Club, Natick, Mass., said comparable sales increased by 2.2% excluding gasoline, amid an overall sales decline of 1.9% during the four weeks that ended Aug. 30. Costco Wholesale, Issaquah,

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News