Wednesday, February 27, 2008

Why is Wal-Mart Thriving in an American Recession?

The nation's largest retailer, which caters to working-class customers, seems to have something of a sweet spot. The stock closed Tuesday at $51.40—its highest close since March 2005. Given the economic headwinds, one would think that a retailer catering to lower-end consumers would be doubly slammed.

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