WAL-MART CONCERNED ABOUT IMPACT OF HIGH GAS PRICES

NEW YORK -- Rising gas prices are a major cause of concern for Wal-Mart Stores, according to Jay Fitzsimmons, senior vice president of finance for the Bentonville, Ark.-based retailer."Gas prices are a real issue," he said in a presentation to investors at the Lehman Bros. Seventh Annual Retail Seminar here last month. "This is a very effective tax on lower-income consumers. It's probably $5 per week

NEW YORK -- Rising gas prices are a major cause of concern for Wal-Mart Stores, according to Jay Fitzsimmons, senior vice president of finance for the Bentonville, Ark.-based retailer.

"Gas prices are a real issue," he said in a presentation to investors at the Lehman Bros. Seventh Annual Retail Seminar here last month. "This is a very effective tax on lower-income consumers. It's probably $5 per week in additional expenses."

He said those extra expenses come out of the limite

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