“Wal-Mart stores stretch nationwide, from the rural South to the Eastern seaboard, offering a snapshot of Americans shopping habits. Worryingly, the retailer’s latest quarter adds only static to that picture and does little to lift hopes that American spending can stay robust.
Sales at the world’s largest retailer missed Wall Street estimates. Other metrics are lighter than hoped. Together, they suggest that Americans are indeed cutting back and carefully planning every purchase. Other economic indicators, by contrast, had seemed to reflect a stronger-than-expected U.S. consumer. Consumption remains the most crucial driver of growth in this country.”
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