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

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

    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 paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

    Lately, they're "running out of money" at a faster clip, he said.
    Wal-Mart shoppers running out of money - Apr. 27, 2011
    Ahhhhhhhhh... the smell of Jimmy Carter II in the air.

    It's nice Jimmy the Second has had a laser-like focus on the economy.

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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

    OBAMA MAKE GAS MORE SPENSIVE!!

    *thumps table*
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by zimmer View Post
    Ahhhhhhhhh... the smell of Jimmy Carter II in the air.

    It's nice Jimmy the Second has had a laser-like focus on the economy.

    .
    You smell Jimmy because it's Obama, but you didn't smell him when it was Bush...

    Jimmy tried to fix prices. Obama isn't planning on doing that.

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

    Wal mart needs to stop selling all those expensive products made by greedy American unionists making high wages and getting cadillac benefits. If they bought overseas from people operating sweatshops using child labor, they could lower those prices and attract more business.
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Is it a bad sign when Americans are beginning to not have money even for the cheap Chinese knockoff crap Wal-Mart sells?
    You know the time is right to take control, we gotta take offense against the status quo

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

    Quote Originally Posted by Ikari View Post
    Is it a bad sign when Americans are beginning to not have money even for the cheap Chinese knockoff crap Wal-Mart sells?
    Interesting observation.

    Is it even possible to make crap even cheaper and sell it at stores even more stripped down and bare bones than Wal Mart? I wonder who could out walmart Wal Mart?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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

    today:

    Economic growth slowed to a crawl in the first three months of the year as a spike in gasoline, higher overall inflation and continued weakness in the housing market all took a toll on the recovery.

    Gross domestic product, the broadest measure of the nation's economic health, rose at an annual rate of 1.8%, the Commerce Department reported Thursday. That's a significant slowdown from the 3.1% growth rate in the final quarter of 2010.

    The sharp rise in oil prices in recent months was a major drag on growth. Besides cutting into consumer spending, higher prices for imported oil caused a rise in the nation's imports, which slowed the economy. The increase in imported goods shaved 0.8 percentage points off of growth by itself.

    Rising overall inflation also took a bite out of growth in the quarter. Since GDP is adjusted for inflation, higher prices mean the economy must grow at a faster pace just to keep up. Consumer prices were up 3.8% from a year earlier, according to the report, compared to a rise of only 1.7% in the fourth quarter.

    And the weak real estate market continued to weigh on the economy, as investment in homes and housing construction fell at a 4.1% pace in the quarter, while investment in non-residential real estate, such as offices, stores and factories, plunged by 29%.
    Q1 GDP report: Economic growth slows - Apr. 28, 2011

    worry

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

    Quote Originally Posted by The Prof View Post
    hmmm...high cost of fuel a drag on the economy...no #$%^....

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

    today:

    More people sought unemployment benefits last week, the second rise in three weeks, a sign of the slow and uneven jobs recovery.

    Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending April 23, the Labor Department said Thursday. That's the highest total since late January.

    The four-week average of applications, a less volatile measure, rose to 408,500, its third straight rise and the first time it has topped 400,000 in two months. Applications near 375,000 are consistent with sustained job creation.
    More people applied for unemployment benefits - Yahoo! Finance

    still going the wrong way

    stimulus, anyone?

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

    today:

    More than half of Americans say the U.S. economy is in a recession or a depression despite official data that show a moderate recovery, according to a poll released on Thursday.

    The April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. Twenty-nine percent said the economy is in a depression and 26 percent said it is in a recession, with another 16 percent saying it is "slowing down," Gallup said.
    Most Americans say U.S. in recession despite data: poll | Reuters

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