How long can a slow economy mean good times at Wal-Mart?
The company is betting that the traffic boost from rebate checks will carry into June and that grocery sales will still be strong in the month ahead. That’s why they’re forecasting sales up between 2-4%. Costco , BJs and value-oriented stores all did well this May. Consumers still buy cheap basics during a downturn and the sales results are also boosted by gas and food price inflation.