Wal-Mart and Target: A tale of 2 discounters

AP Retail Writer

NEW YORK (AP) - This holiday season, the biggest discount chains in the U.S. will tell the tale of 2 very different shoppers: those that have and those that have not.

Wal-Mart Stores Inc., the world's largest retailer, on Thursday acknowledged that its low-income shoppers continue to struggle in the economy and issued an outlook for the fourth quarter - which encompasses the holiday shopping period-that falls below Wall Street estimates. On the same day, its smaller rival Target Corp., which caters to a more affluent shopper, said it expects results during the quarter to exceed the Street's projections.

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