"Consumers are under difficult pressure financially," said Wal-Mart CEO H. Lee Scott on a conference call for investors and analysts. "Their top economic concerns are increased cost of living and gas prices, and many [of our] customers don't have much money left at the end of the month."
Aside from reporting disappointing profits for the second quarter, Wal-Mart execs say their core customers are worried about inflation. And feeling the pinch of declining house prices.
Aside from reporting disappointing profits for the second quarter, Wal-Mart execs say their core customers are worried about inflation. And feeling the pinch of declining house prices.
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