Wal-Mart's jump in midnight sales, and more

Wal-Mart's jump in midnight sales

Wal-Mart says its stores see a jump in midnight sales on the first of each month, when cash-strapped shoppers stock up on milk, baby food, and other groceries the minute their monthly government benefits become available. “The only reason someone gets out there in the middle of the night and buys baby formula is that they have been waiting for it,” said Bill Simon, the head of Wal-Mart’s U.S. store business

The Wall Street Journal

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The New York Times

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The Washington Post

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Associated Press