CHICAGO â€” Upper-income consumers have joined their lower- and middle-income counterparts and begun shopping at Wal-Mart, according to the findings of a recent Information Resources Inc. report. While lower- and middle-income consumers stepped up spending at Wal-Mart early in the economic downturn, higher earners significantly increased the share of CPG spending allocated to the retailer during the past six months. Wal-Mart is posting share gains in 84% of the top CPG categories. â€œConsumers ...
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