Description: The world’s largest retailer reported disappointing sales and lowered its outlook due to cautious consumer spending. It’s not the only retailer to sing this sad song.
Source: CNNMoney.com – video report
Date: August 15, 2013
Link: http://money.cnn.com/video/investing/2013/08/15/investing-the-buzz-walmart-kohls.cnnmoney/index.html
Questions for Discussions:
- What is the connection between sales and profits at retailers like Wal-Mart and the general performance of the economy?
- What does the report suggest about the economy?
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