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Wal-Mart shoppers running out of money

03 Jun

Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

“We’re seeing core consumers under a lot of pressure,” Duke said at an event in New York. “There’s no doubt that rising fuel prices are having an impact.”

via Wal-Mart shoppers running out of money – Apr. 27, 2011.

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Posted by on June 3, 2011 in business, economy, investing

 

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