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Wal-Mart outlook wary even as profit rises
date:Feb 22, 2013
ion for the same period a year ago.

Bill Simon, president of the company's U.S. namesake division, said shoppers used their refund money last year to buy TVs ahead of the Super Bowl. This year, the retailer said it isn't sure how customers will use the additional money, but some analysts say the most likely scenario is that they'll save it.

Wal-Mart said it's also unclear how the payroll tax will affect customers' spending habits, although Simon said shoppers are talking about it. JP Morgan es

12/26 01:19