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Lots of talk, but where’s the action?
Mike Duke presented at the Barclay’s conference Tuesday, and, as we predicted in last week’s WNN, he did not speak about first-quarter sales, which the company will report on May 17. Instead Duke focused on such broad goals as growth, leverage, but offered little detail on how the company plans to achieve them.
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Wal-Mart shoppers under more pressure
New York City -- Wal-Mart Stores CEO Mike Duke said rising gas prices are hurting the chain’s main customers, who are having an even harder time stretching their dollars to the next payday than they did a year ago.
"There's no doubt that rising fuel prices are having an impact on our customers," said Duke at an event that was part of The Wall Street Journal's executive breakfast series, according to the Associated Press. "There's more pressure."