Doing the Wal-Mart Shuffle
This morning, The Wall Street Journal quoted Eduardo Castro-Wright, Wal-Mart Stores U.S. president:
“The economy continues to get tougher and the ‘paycheck cycle’ is more pronounced for customers than in past months. As money gets tighter for them toward the end of the month, sales drop more than we have seen in the past.”
This conjures up an image of half-starving consumers clutching their paychecks, rolling into the Wal-Mart parking lot on fumes, and then devouring a bag of uncooked rice in order to get up enough energy to walk to the gas station and spend the remainder of their paychecks on a can of gas.
But I may be exaggerating…
