Wal-Mart Stores Inc. said last week that its US customers are spending more on discretionary items, as payroll taxes come down and gasoline prices fall. The world’s largest retailer is seeing customers treat themselves to items such as sporting goods and bedding, using the money they have, now that those costs have retreated, Wal-Mart U.S. CEO Eduardo Castro-Wright said. Wal-Mart USA also reported that it had a strong Easter, an important season for the US chain. The recent US economic stimulus package included lower withholding taxes for many Americans. At the same time, gasoline prices are more than 30 percent lower this year than last year, he said. Wal-Mart has attracted more customers in the recession as people look to save money on everyday items such as food and diapers.
Popularity: 3% [?]
