From Bloomberg.com:
Wal-Mart Stores Inc.’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected.
The company posted stagnant same-store sales today in its second-quarter earnings report, marking the sixth straight period of no growth.
The world’s largest retailer also cut its earnings forecast for the year, citing higher spending on health care and e-commerce...
One of the biggest challenges: Paychecks aren’t growing.
Inflation-adjusted average weekly earnings dropped 0.2 percent in the 12 months through June, the worst performance since October 2012, according to Labor Department data...
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Link: http://www.bloomberg.com/news/2014-08-14/wal-mart-s-sales-stagnation-reignites-concern-about-economy-1-.html
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