December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP6
The article looks at the price cuts of retailers in the U.S. to survive the financial crisis of 2008. Retailers foresee a 9.9 percent decline in retail sales as buyers tighten spending through fewer visits in the malls and retail outlets. According to the article, there are still retail companies that performed well in 2008 including Wal-Mart Stores Inc., Costco Wholesale Corp., and H & M. It also notes that aggresive selling is being done by store owners to encourage buyers purchase consumer products.


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