retail news in context, analysis with attitude

Reuters has a story quoting Walmart CEO Mike Duke as saying that 75 percent of US consumers are aware of what the "fiscal cliff" is ... as opposed to just 25 percent of the country that understood the concept one week before the presidential election. In addition, Duke said, 15 percent of the people who understood the fiscal cliff are letting the political turmoil affect their holiday shopping.

"The latest poll could bode poorly for retailers like Wal-Mart," Reuters writes, "which rely on the year-end holiday shopping season for an outsized portion of their annual revenue."
KC's View: