Big-box Retailers Rebound in July
NEW YORK -- After mixed results in June, big-box retailers Wal-Mart, Costco, Target, and BJ's Wholesale Club all saw growth in same-store sales, with a powerful assist from food, back-to-school items, and pharmacy, among other items. The only hiccup was that Costco's 3.1 percent same-store sales increase was smaller than expected -- but the warehouse club store chain still expects to meet or exceed analysts' second-quarter profit prediction of 69 cents per share.