No, we haven't been smoking. Fortune reports: How badly is the tepid economic recovery weighing on U.S. families?
On Monday, Wal-Mart (WMT) Executive Vice President Rosalind Brewer offered sobering insight into the recession's lasting impact on households. Some might call this the so-called "new normal," but Brewer says the downturn has not only changed the way consumers shop but it has also changed the way Wal-Mart has been doing business. Admittedly, Brewer said, the retailer was slow to respond.
"We did not react quickly enough because we thought the recession would turn around a little bit quicker like everyone else," Brewer said on Monday during a panel discussion called "Leading in Tumultuous Times" at Fortune's Most Powerful Women's Summit in Laguna Niguel, Calif.
As talk grows that the U.S. could slip into another recession, here's a glimpse of Wal-Mart's new economic normal and how the retailer has been adjusting….
Read more at http://management.fortune.cnn.com/2011/10/04/walmart-recession/?iid=SF_F_Lead
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