Retailers Fret Over Gas Price Hikes

O'Leary, Christopher
May 2004
Investment Dealers' Digest;5/17/2004, Vol. 70 Issue 20, p13
Trade Publication
Reports that as the price of unleaded regular gas hovers around the two-dollar-a-gallon mark throughout the United States, retailers like J.C. Penney and Wal-Mart Stores are blaming the price increase for other woes, like missed earnings. Concern that gas price hikes could decrease same-store sales and increase shipping and transportation costs; Second-tier of discounters are the retailers most likely to be hurt by gas price hikes.


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