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Wal-Mart outlook gives glimpse of economy

February 22, 2013

Even as the world’s largest retailer reported an 8.6 percent rise in fourth quarter profit during the holiday shopping season, it’s offering a weaker forecast for the coming months. The problem? The poor and middle-class Americans Wal-Mart caters to are struggling with higher gas prices, delayed tax refunds and higher payroll taxes.

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