Personal spending in the US is diverging into two distinct categories as strong growth at high-end stores contrasts with continuing difficulties for mass-market, low-price retailers.

美国个人支出正逐渐分化成两个截然不同的类别：高端店铺销售强劲增长，而大众市场低价零售商却始终步履维艰。

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Among large traditional retailers, Walmart recently reported the best results, leading its stocking price to surge.

在大型传统零售商中，沃尔玛最近报告的业绩最好，导致其库存价格飙升。

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There will be higher increases in the New Year as VAT rises in January from 17.5% to 20% and retailers shield consumers from price rises.

随着1月份增值税从17.5%提高到20%，以及零售商保护消费者免受物价上涨的影响，明年的增值税增幅可能会更高。

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Big Box retailers, discounters, off-price retailers and department stores are working hard to capture some of the holiday decoration sales.

FORBES: Insight Into Consumers' Holiday Spending Patterns

The gross profit margin shows you just how much price cuts retailers absorbed to attract customers.

FORBES: Will The Holiday Shopping Season Be Good for Retailers?

Off-price and discount retailers had a good year in 1997 and should continue to do well in 1998.

FORBES: Retailing