04-28-2011, 09:01 AM
maybe i'm a snob. but i don't get this...a friend who is a retired professional, and her husband, a lawyer, (in otherwords well-off) shop for their groceries at walmart. i about fell over when she said that. ok maybe packaged goods, paper goods...but i would never buy my fresh meat at walmart! it could be possums!
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."
Wal-Mart shoppers, many of whom live welfare check to welfare check, <----(ok i made that part up) typically shop in bulk at the beginning of the month when their checks come in.
Lately, they're "running out of money" at a faster clip, he said.
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."
Wal-Mart shoppers, many of whom live welfare check to welfare check, <----(ok i made that part up) typically shop in bulk at the beginning of the month when their checks come in.
Lately, they're "running out of money" at a faster clip, he said.