Wal-Mart May Be a Big Winner as Oil Drops Below $35 a Barrel
- Its shoppers spend bigger portion of their budgets on fuel
- The chain's trucking fleet also will benefit from cheaper gas
Low Oil Prices Are Good News for Wal-Mart, Here's Why
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As oil tumbles below $35 a barrel for the first time since 2009, Wal-Mart Stores Inc. is looking like one of the big winners.
While all retailers stand to benefit from low gas prices putting more cash in consumers’ pockets, Wal-Mart’s core customers -- who earn about $35,000 a year -- spend a bigger share of their income on fuel, according to Nomura Securities analyst Robert Drbul.