Walmart warns US shoppers are cutting spending as higher petrol prices bite
The retail giant said it expects customers to cut back in the coming months due to higher pump prices.
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"I think higher tax returns muted some of the pressure related to higher fuel prices and as we're in a period of time right now where those tax refunds are largely not coming in, I think consumers are going to feel more of that pressure from higher fuel prices."
— John David Rainey , Executive
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The retail giant said it expects customers to cut back in the coming months due to higher pump prices.
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