The glory days are over for big-box retailers as consumers search for more convenience, Goldman Sachs analysts say.
In this economy, you'd think these retailers would be racking up the sales. That's not the case.
It's the second-biggest shopping season of the year, although the total amount spent is expected to drop from last year.
The sector continues to confound the billionaire investor and partner Charlie Munger. They have bemoaned their bad luck for years.
One market strategist thinks the shopping malaise could contribute to a 'shallow US recession' early next year. Others disagree.
There were enough negatives last quarter to shake hopes that Americans would resume shopping after the long, tough winter.
The company is shrinking its massive stores and selling more gas and booze. It's also revving up its online operations.
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