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Russell Jones, director of retail at AlixPartners LLP, talks with Bloomberg's Carol Massar and Ellen Braitman from Richmond, Virginia, about May sales at Wal-Mart Stores Inc. and Costco Wholesale Corp., the outlook for consumer spending and the state of the overall retail market. Wal-Mart, the world's largest retailer, said sales at stores open at least a year rose 3.9 percent, exceeding its forecast, while Costco reported a 9 percent gain.
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Russell Jones Sees Easing Downward Pressure on Consumers

Russell Jones, director of retail at AlixPartners... (more)
Channel:Bloomberg Category:Business
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