Retailers: Consumers spending less

Retailers say that consumers are spending less, and economists believe high food and gas prices may be to blame. Wal-Mart released its latest earnings report

NEPTUNE - Retailers say that consumers are spending less, and economists believe high food and gas prices may be to blame.

Wal-Mart released its latest earnings report yesterday, which showed that the company's sales are down.

At the Walmart store in Neptune, some New Jersey residents say pain at the pump means they are forced to cut corners elsewhere. However, a store employee says the store seems just as packed as usual.

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