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Value in vogue for back-to-school
A back-to-basics approach in Walmart’s apparel department has enabled the company to produce a modest degree of sales growth, but other value players are delivering high single digit comps.
Walmart reported its second consecutive quarter of positive same store sales in the apparel category during the second quarter when it produced a low single digit gain.
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Sears booted off S&P 500
Sears Holdings will lose its spot in the S&P 500 after the close of trading on Sept. 4. It will be replaced by chemical maker LyondellBasell (LYB).
As one of America’s oldest retailers, Sears, Roebuck & Co. was one of the original members of the S&P 500 when the index was created in 1957 (69 of the index’s original components are still in the S&P 500 today, according to S&P’s Howard Silverblatt).