NEW YORK -- Rising gas prices are a major cause of concern for Wal-Mart Stores, according to Jay Fitzsimmons, senior vice president of finance for the Bentonville, Ark.-based retailer. "Gas prices are a real issue," he said in a presentation to investors at the Lehman Bros. Seventh Annual Retail Seminar here last month. "This is a very effective tax on lower-income consumers. It's probably $5 per week in additional expenses." He said those extra expenses come out of the limited pool of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.