continue to be challenged financially, with more pressure on
Eduardo Castro-Wright, CEO, Wal-Mart Stores U.S.
"Consumers continue to be challenged financially, with more
pressure on discretionary spending," said Eduardo Castro-Wright,
Wal-Mart Stores U.S. president and chief executive officer.
Castro-Wright added that gas prices have moved to be consumer's
chief concern in the company's latest customer survey.
Sam's Club experienced continued momentum with sales to small
business owners, with positive trends in both business member
ticket and traffic. Category strengths were in food, including
fresh items. Sales of outdoor furniture and grills improved,
when compared to the four-week May period.
Wal-Mart expects July sales to be up 1 to 2 percent, said Tom
Schoewe, executive vice president and chief financial officer.