Global procurement will be key to improving the customer experience around the world through better merchandise and lower prices.
The only real economic concern I have is that oil prices will erase improvements in employment and real income for a portion of our customer base...an important portion of our customer base,
Wal-Mart Stores did miss their plan as our customer continues to be impacted by higher gas prices and it is difficult to improve our expense leverage in the current environment.
Inflation in the U.S. appears to be well under control, ... The only real economic concern I have is that oil prices will erase improvements in employment and real income for an important portion of our customer base.