Shop Talk

Retailers, consumers and prices

Check Out Line: Value in Vogue

March 4, 2009

COSTCO/Check out mixed news from discount retailers.Warehouse clubs turned in a diverging earnings performance on Wednesday but overall results still showed the strength of this business model as consumers search for bargains.No. 1 U.S. warehouse club operator Costco Wholesale reported a lower profitĀ as non-food sales weakened, but smaller rival BJ’s Wholesale eked out an earnings gain.As both retailers look to preserve and grow their business, that could bode even better for cost-conscious customers.Costco has said it will cut prices to keep shoppers, while BJ’s said one of its top priorities this year is to gain market share.Close-out chain Big Lots also posted profit that topped Wall Street forecasts – and investors eagerly snapped up its shares.Also in the basket:Liz Claiborne outlook weak More mortgage borrowers are ‘underwater’Kindle access from iPhone(Photo: Reuters)

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