date:May 16, 2014
instead of cash to buy groceries.
The company's low and middle income consumers are still very cautious about spending, Bill Simon, Wal-Mart's head of U.S. operations, said on a call.
Even dollar stores have been hurt by a slowdown in spending by low and middle income consumers.
Family Dollar Stores Inc said in April it would cut jobs and shut hundreds of stores after second-quarter comparable sales fell 3.8 percent.
Wal-Mart's healthcare costs are also surging as thousands of employees sign