NEW YORK (AP) — Consumers apparently shook off their worries about higher gas prices during May, shopping with enthusiasm at apparel stores and malls and giving many retailers better-than-expected results. A big exception was Wal-Mart Stores Inc., whose low-income consumers are feeling the biggest financial squeeze from $3-a-gallon gas.Yeah, only the poor shop at Wal-Mart. Everyone else shops somewhere else. You didn't know? (/sarcasm)
Cross-posted at BizzyBlog.com.