Wal Mart CEO: “Shoppers Are Running Out Of Money”; There Is “No Sign Of A Recovery”
“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. “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.”
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