Friday, April 29, 2011

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

Wal-Mart shoppers running out of money - Apr. 27, 2011
By Parija Kavilanz, senior writer


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.

"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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