While hunting through retail sector stocks, I found Big Lots looking better than most of the rest, which came as a surprise. Lately the big touting is for Amazon and how its first quarterly profit in years (or is it ever?) shows that its going to destroy Walmart. ;’)
Why should Big Lots be a surprise with this economy? Don’t you know which demographic they cater to?
Those with hardly any money. And THAT demographic is growing by leaps and bounds!
You know the economy is bad when there is fierce competition and mergers in the dollar store industry.
I have Amazon prime and when I need something,even like Hersheys chocolate, I can order it at similar price to the stores and not pay shipping and not drive to the store....if you do it right, Amazon can save you lots of time and money.