Derek Thompson - Derek Thompson is a staff editor at TheAtlantic.com, where he writes about economics, business, and technology. Derek has also written for BusinessWeek, Slate and The Daily Beast.
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There have been concerns about higher-income customers who flocked to the heavy discounter during the recession returning to more expensive sellers, as well as how much price cutting Wal-Mart had to do to lure in penny-pinching consumers during the recession. Gross margin fell to 24.7% from 25.1% in the latest quarter from last year.
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