Profit increases may be harder to come by, especially for discount retailers attempting to win over cash-strapped households. Discounters are expected to fight to gain market share by paring prices to the bone.
Global retail giant Wal-Mart signaled what shoppers, and its competitors,
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“You’re seeing Wal-Mart take a very aggressive stand on pricing,” she said. “We’re seeing a very new Wal-Mart and they are taking no prisoners.”
Department store chains are turning to exclusive brands to avoid the increasingly intense price competition on items sold elsewhere. Kohl’s said its 20 percent boost in third-quarter profits was helped by strong demand for its exclusive Jennifer Lopez line. About half the company’s sales come from private label or exclusive brands,
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