retail news in context, analysis with attitude

• The Wall Street Journal this morning notes that when Walmart reports its Q2 results tomorrow, it will offer two indicators - one is how the retailer's recovery is faring (including its investment in smaller store formats), and the other is how the broader US consumer recovery is doing.

The Journal writes that while most analysts are expecting a positive quarterly report, "there may be a cap on just what Wal-Mart can do - not because of any troubles it may run into internally, but because of the iffy economy. Many of Wal-Mart's customers live paycheck-to-paycheck, part of the lower-income strata that is still struggling."
KC's View: