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

Discussion in 'Current Events' started by peace2011, Jun 27, 2011.

  1. peace2011
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    peace2011 BANNED

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    With food prices rising, Duke said Wal-Mart is charging customers more for some fresh groceries while reducing prices on other merchandise such as electronics.

    Wal-Mart (WMT, Fortune 500), which averages 140 million shoppers weekly to its stores in the United States, is considered a barometer of the health of the consumer and the economy. 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." "Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.

    Wal-Mart shoppers running out of money - Apr. 27, 2011
     
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  2. uscitizen
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    uscitizen Senior Member

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    Working class people are only paid once a month?
     
  3. xsited1
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    xsited1 Agent P

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    The government just needs to print more money and send it to all the Wal-Mart shoppers. Problem solved.
     
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  4. Colin
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    Colin Gold Member

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    Shouldn't you be in the madrassa, Abdul!
     
  5. Baruch Menachem
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    Baruch Menachem '

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    Rent checks are due first of the month. Folks budget to make sure they can pay the landlord first, and the light company as well.
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Gee..well I guess you know what I think of this...
     
  7. strollingbones
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    strollingbones Diamond Member

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    disability checks and all come out the first of the month
     
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  8. RDD_1210
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    RDD_1210 Forms his own opinions

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    The obvious answer here is more tax cuts for the rich. This will directly impact the wallets of the lower middle class and poor.
     
  9. zzzz
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    zzzz Just a regular American

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    At least gas prices have dropped by 50 cents or mare a gallon. That will provide some relief although not much. food prices are still killing people budgets. Gas and food are need items, computers, clothes, and what-nots are luxuries.
     
  10. LumpyPostage
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    LumpyPostage [blank]

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    [​IMG]
     

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