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  • With a number of retailers reporting disappointing results so far this week, the street has questioned the true strength of the economy. Retailers across the board have blamed economic turbulence, losses in discretionary spending, and fiscal policy for their difficult second quarters. We have seen both the high, the low, and the middle class consumer

  • Wal-Mart (NYSE:WMT) , the world’s largest retailer, was forced to trim its annual profit forecast after reporting on weaker-than-expected second quarter sales. US sales fell 0.3 percent in the quarter ended July 26, well below expectations for a 0.9 percent gain. Despite the recent surge in US employment, low income consumers are struggling to make ends

  • Stock market » Walmart hints at economic struggle
    August 15, 2013, 15:32 GMT

    Walmart (NYSE:WMT) traded sharply lower following the company’s second quarter results on Wednesday. Shares were down by more than 2.1% in early trading as a result of lackluster earnings and revenues during the quarter. The company reported disappointing quarterly sales and consequently blamed tightening wallets and rising fuel prices. Comparable same store sales in the