WAL-MART chief warns of ‘serious’ inflation in coming months…

Thursday, March 31, 2011
By Paul Martin

By Jayne O’Donnell
USA TODAY
3/30/2011

U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.

The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.
Still, inflation is “going to be serious,” Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY’s editorial board. “We’re seeing cost increases starting to come through at a pretty rapid rate.”

The Rest…HERE

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