Retaillers haven’t been overly optimistic lately. Best Buy cut its full-year sales forecast last week while Kohl’s struggled after earnings. I think much of that is a shift to online, as Black Friday shopping showed but Wal-Mart is strong online so this is an interesting comment.
Shares of WMT took a quick dip afterwards.
This article was written by Adam Button at www.forexlive.com.
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