![]() Many retailers struggled to attract shoppers in the second half of 2007 as consumers were hammered by soaring prices for food and fuel, rising payments on adjustable rate mortgages, declining home values, and job insecurity.īut some stores that sell clothing to teenagers bucked that trend and could do so again in 2008. Wal-Mart trades at about 13.9 times estimated earnings for the year beginning in February, which puts it in the lower half of the 30 stocks in the Dow Jones Industrial Average. Goldman Sachs analysts on Monday recommended keeping Wal-Mart, as well as Costco Wholesale Corp COST.O, as defensive positions in retail, "given negative sentiment, potential for negative macro events, likely downward EPS revisions and lack of positive catalysts." “Discounters would tend to do better in this kind of environment,” said Michael Niemira, chief economist at the International Council of Shopping Centers. Shock-Resistant Rugged Hybrid Kids Friendly Protective Case With Stand for Walmart Onn 10.1 inch Pro (Model:100003562) 2020 Released(Navy/Green) 3 3.3 out of 5 Stars. The index has already lost an additional 10 percent this year.īut Wal-Mart shares rose 3 percent in 2007, following three years of declines, and many analysts think the world’s largest retailer should do well in 2008 as cash-strapped consumers look for low prices on staples like food and toilet paper. Arrives by Tue, Jan 3 Buy EpicGadget Amazon Fire HD 8 Case / Fire HD 8 Plus Tablet Case (10th Generation. Retail stocks just completed their worst year since 2002, with the Standard & Poor's Retail index. That would be the lowest increase since 2002. ![]() The National Retail Federation on Monday forecast a 3.5 percent increase in retail industry sales, excluding automobiles, gas stations and restaurants. Yet even aside from Wal-Mart, analysts expect some companies to prosper this year in spite of that, including teen retailers and possibly some beaten-down home improvement stores. “The 20-, 25-year expansion in the consumer/residential part of the economy has come to a cyclical conclusion and the spending capacity, the foundation for the entire industry, is simply not there.” “The outlook for retailing, generally, in 2008 is unfavorable,” Richard Hastings, retail economist at the Federation of Credit and Financial Professionals. economy some say is either heading into or already in recession. While that means discount giant Wal-Mart Stores Inc WMT.N could do well this year, it also could cheer other retailers who have seen their stocks sold off since New Year's Day and now look like bargains, even in a U.S. Rated 4.7 stars.Journalists walk in front of a Wal-Mart store before the start of a media tour of in Pleasant Grove, Arkansas May 31, 2007. Right now, Amazon has the 4K Fire TV Stick on sale for $23. The Amazon Fire TV Stick 4Kcomes with an Alexa voice remote and supports Dolby Atmos Audio. Amazon Fire TV Stick 4K: $23Īmazon's in-house streaming platform is Fire TV. Right now, you can score one for over 50% - but you'll need to be an Amazon Prime member to score these sweet deals. ![]() The Fire TV Stick is your gateway to nonstop entertainment. Prepare to unlock a world of limitless possibilities and stream millions of episodes and movies, all within arm's reach. Both are available at their lowest prices we've ever seen. These deals include the Fire TV Stick 4K for $23 and the Amazon Fire TV Cube for $110. Promotions are subject to availability and retailer terms.Īmazon is offering a ton of exciting deals on Amazon tech ahead of Amazon Prime Day - including incredible discounts on select Amazon Fire TV streaming devices. We may receive commissions from some links to products on this page. CBS Essentials is created independently of the CBS News editorial staff.
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