You are here

Discount chains emerge as holiday winners while clothing retailers suffer

Data shows Americans staying frugal even after end of recession

New York

DISCOUNT chains such as Wal-Mart Stores Inc and Costco Wholesale Corp look like the winners from the holiday season.

In December, mass merchants posted their best monthly sales gain in more than two years, according to figures collected by research firm First Data. Revenue...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to