Wal Mart CEO: 'Shoppers Are Running Out Of Money'

“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. 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. This end-of-month [purchases] cycle is growing to be a concern.”

Wal Mart CEO Mike Duke quoted in Money via zero hedge

Wal-Mart has struggled with seven straight quarters of sales declines in its stores.






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