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Bloomberg reports that Judith McKenna, CFO of Walmart-owned Asda Group, says that that consumer spending in the UK “is showing signs of weakening,” in May after a strong April that was bolstered “by good weather and the royal wedding.”

• The Wall Street Journal reports that “Bharti Wal-Mart Pvt. Ltd. Tuesday said it aims to open up to 20 more cash-and-carry stores in India by the end of 2012, as the company continues to expand its business in the country ... The joint venture between U.S. retailer Wal-Mart Stores Inc. and India's Bharti Enterprises Ltd. currently has four stores in Punjab state and one each in Rajasthan and Madhya Pradesh.”
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