Caution from Walmart, China’s department store

Wal-Mart CEO pushes plan to keep retailer growing CEO Mike Duke assured shareholders that the “greatest priority” is to get its revenue at stores open at least a year — a key measure of a retailer’s health — to rise again. Shoppers are focusing on groceries and little else, said Bill Simon, president and CEO […]

Retail Sales/Claims/Import Prices/Walmart

[Skip to the end] Karim writes: Data supportive of the ‘low for long’ camp: Retail Sales One of biggest misses in awhile; -0.1% vs expex of +0.8% Ex-autos -0.6% Control group -0.2% Look for early markdowns of Q3 GDP estimates Claims Initial claims up 4k to 558k Continuing down 141k (prior week revised up 33k); […]