Wal-Mart feels the squeeze in US (BBC)

[eppur_se_muova]

Wal-Mart, the world's largest retailer, has reported quarterly profits up 3.6%, although sales in its home US market fell for the fifth quarter in a row.

Wal-Mart's profits rose to $3.6bn (£2.3bn) helped by cost-cutting and growth in international markets.
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Wal-Mart benefited during the recession as affluent shoppers switched to using cheaper stores.

But it has already acknowledged that it is now losing some of those customers, who have started to trade back up.

Meanwhile, high US jobless figures and tight credit are still squeezing its main lower-income customers.
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more: http://www.bbc.co.uk/news/business-10998151




Aww, the poor things. They're suffering in this economy too. :cry: It's not like WallyCo had anything to do with ruining the US economy.

[Cleita]

1. SAVE MONEY! LIVE BETTER! WALMART!

I guess they didn't figure out that there still needs to be people earning decent money to buy stuff.

[Bitwit1234]

2. That is what I was going to say, even with lower prices at

WalMart, people have to have jobs and be making money to buy stuff.

[Statistical]

3. Suffering?

"has reported quarterly profits up 3.6%"

Would be like your boss gave you a 4% pay raise THIS QUARTER and you keep "only" getting 4% richer every qtr.

I wouldn't say suffering. Maybe growing slightly slower.