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Wal-Mart CEO Says Consumers Are Altering Their Habits

Appearing on NBC's "Meet the Press" Sunday, Wal-Mart CEO Lee Scott said people are cooking more at home, eating more leftovers and are buying more frozen food. The retailer has also noticed an uptick in "self treatment" in its pharmacy group. "The number one issue today is [consumers'] concern about their job," Scott said.

Small businesses have been hit by the recession, too. Cash-strapped restaurant owners are visiting Walmarts more frequently to buy supplies as one day's cash flow allows them to buy supplies for the following day, Scott said.

Scott also said that the company has "reached out" to President-elect Obama's team to work on the U.S. health care and energy issues. Former Hewlett-Packard CEO Carly Fiorina and Google CEO Eric Schmidt also appeared in the segment.

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