Financial results in the second half of 2010 are likely to be very similar to what the industry experienced in the first half, with few indications the economy is recovering, industry analysts told SN. The first half was a tough period for the industry, the analysts said. “A lot of it had to do with attempts to gain a competitive advantage, especially once Wal-Mart came out with its price rollbacks,” Meredith Adler, managing director for Barclays Securities, New York, explained. “On top ...
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