Stimulus Boosts Discounters

Discount retailers last week said they received a boost from consumers spending their economic stimulus checks, as the segment continued to show sharp sales gains in the weak economy. Wal-Mart Stores, for example, beat analysts' expectations for June sales by posting a 5.8% gain in U.S. comparable-store sales, excluding fuel, for the five-week span ending July 4. The results

BENTONVILLE, Ark. — Discount retailers last week said they received a boost from consumers spending their economic stimulus checks, as the segment continued to show sharp sales gains in the weak economy.

Wal-Mart Stores here, for example, beat analysts' expectations for June sales by posting a 5.8% gain in U.S. comparable-store sales, excluding fuel, for the five-week span ending July 4. The results included a 6.1% gain at Wal-Mart stores and a 4.6% gain at Sam's Club.

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