i love this story... i so hate wallmart..
http://news.yahoo.com/s/ap/20050816/...arns_retailers;_ylt=AjgU_jA.XdrH1rRlIuXocges0NUE;_ylu=X3oDMTA3bG I2aDNqBHNlYwM3NDk-
humm the url isn't working right but you can find it on yahoo news.
Wal-Mart Stores Inc. struggled in the second quarter and offered a disappointing third-quarter profit forecast, again blaming higher gasoline prices for cutting into spending plans by its low-income shoppers. In contrast, shoppers at moderate-price department store retailer J.C. Penney Co. Inc., focused on fashion rather than fuel, resulting in robust results and an upbeat outlook.
The disappointing results from Wal-Mart offer further evidence that the discounter can't rely on the lowest prices to fuel sales and profit growth as rivals like Target Corp. and Penney, both of which appeal to a higher-income shopper, keep sharpening their merchandising assortment. While Wal-Mart began to expand into trendier apparel and home fashions this year to make itself less vulnerable to the economy's jitters, the question is whether it can draw in shoppers fast enough to turn business around.
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