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Article: Wal-Mart keeps tightening grip.(TOP 100 MARKETS)
- Article from:
- Mass Market Retailers
- Article date:
- June 22, 2009
CopyrightCOPYRIGHT 2009 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Continuing the trend evident in last year's market share figures, Wal-Mart Stores Inc. is making gains as consumers look for ways to cut back on their spending. Meanwhile, Target Corp. and Costco Wholesale Corp., which cater to more upscale consumers, have seen some declines as the recession grinds on.
Costco maintained its lead in the nation's two largest markets--greater New York and greater Los Angeles--but saw its share decline slightly in each. Meanwhile, Target held steady in third place in both markets, while Wal-Mart gained share.
The trends are proof that Wal-Mart's "Save Money. Live Better" slogan is resonating with consumers, ...