Thursday, 28 April 2011

Wal-Mart: Our shoppers are 'running out of money'

http://money.cnn.com/2011/04/27/news/companies/walmart_ceo_consumers_under_pressure/index.htm


NEW YORK (CNNMoney) -- 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.


Wal-Mart has struggled with seven straight quarters of sales declines in its stores.



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