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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (17302)12/1/2004 6:26:52 PM
From: russwinter  Read Replies (4) of 116555
 
<competitition had prevented retailers from passing on cost increases to their customers, the report said>

WMT cuts back significantly on on discounting, same store sales are up "only 0.7%" and it's called, "not being able to pass costs on to customers". Sorry, but by my math, plus 0.7% is an increase in sales, not a decrease, thus they are are selling for more, pure and simple.
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