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Wal-Mart's Scott: Shoppers are Impacted by Fuel Costs, Negative Media
The state of the economy is having a heavy impact on the spending patterns of many Wal-Mart customers, said H. Lee Scott, president and c.e.o of Wal-Mart Stores, Inc. at Goldman Sachs' 11th Annual Global Retailing Conference. But while some conditions are real, such as high fuel prices, others may be exaggerated in consumers' minds by negative media reports.