05-09-2008, 03:11 AM
Filed under: Money and work, In the newsThere's not doubt that most Americans are having to tighten their fiscal belts and with more than a 100 million customers a week, discount giant Wal-Mart is a great place to get a sampling of U.S. consumer spending.
Last week Eduardo Castro -Wright, CEO of Wal-Mart's U.S. stores, reported strong sales in groceries, health and wellness products, as well as flat-screen televisions and other consumer electronics. And at the same time Starbucks reported a 28% drop in profits last quarter, Wal-Mart reported an increase in sales of coffee and cappuccino makers leading one to believe Americans are staying home more both for their meals and their entertainment.
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Posted on Thu, 08 May 2008 13:00:00 EST at http://www.parentdish.com/2008/05/08/wal...consumers/
Comments: http://www.parentdish.com/2008/05/08/wal.../#comments
Last week Eduardo Castro -Wright, CEO of Wal-Mart's U.S. stores, reported strong sales in groceries, health and wellness products, as well as flat-screen televisions and other consumer electronics. And at the same time Starbucks reported a 28% drop in profits last quarter, Wal-Mart reported an increase in sales of coffee and cappuccino makers leading one to believe Americans are staying home more both for their meals and their entertainment.
Continue reading Wal-mart sales indicate tighter spending among consumers Read | Permalink | Email this | Comments
Posted on Thu, 08 May 2008 13:00:00 EST at http://www.parentdish.com/2008/05/08/wal...consumers/
Comments: http://www.parentdish.com/2008/05/08/wal.../#comments