Previously exuberant Walmart is getting a little worried about the economy, according to CNNMoney.

"No one has a crystal ball to look into the economic future, but we know the economy will be a critical factor this year," Wal-Mart CEO Lee Scott said in a recorded call discussing the retailer's results..."Some customers were a little more cautious about their spending in January," Scott said. "That is why we will continue to be diligent in improving our business in every way."

"I feel we are well positioned for an economic downturn," Scott said. "Our low prices and low-cost business model should give us an advantage over other retailers if things get more difficult for consumers."

Wary of economy, Wal-Mart cautions on '08 [CNNMoney]
(Photo:RowJimmy)

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