date:Feb 21, 2014
The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores Inc's grocery aisles.
The world's largest retailer, which gets more than half its sales from groceries, on Thursday gave a disappointing full-year forecast. It blamed sharp cuts in food stamp benefits and higher payroll taxes that are will hit disposable income for its core customers. Wal-Mart shares fell 2.2 percent in morning trading.
To combat sluggish sales, broaden its customer base and fend off aggressive ri