Sep 26 2010
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“In the hour before midnight each month, shoppers load their carts with baby formula and other basics like milk and bread and then line up at the checkout, ready to pay as soon as the money becomes available,” Simon says.
“If you really think about it, the only reason somebody gets out in the middle of the night and buys baby formula is that they need it and they’ve been waiting for it,” said Simon.
— Wal-Mart’s CEO on the spending habits of the “hand to mouth” poor.
