Wal-Mart’s profit rises amid dreary retail picture

Nevertheless, Wal-Mart — with its renewed focus on low prices — has been one of the few bright spots in retail, as Americans have focused on necessities at discounters. The trend has intensified since the financial meltdown in September, with Best Buy Co. saying that "seismic" changes in consumer behavior have created "the most difficult climate" it has ever seen.

"Wal-Mart is regaining market share across the board," said Richard D. Hastings, a consumer strategist with Global Hunter Securities.

via Wal-Mart’s profit rises amid dreary retail picture – Yahoo Finance

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