Retail Sales Report Confirms Walmart’s Cautious Stance (BBY, WMT, WFMI, SBUX))
Posted on November 14, 2008 at 09:19 AM EST
U.S. Retail Sales for October were just reported and the drop was worse than analysts expected. Adding to the falling numbers were gas station sales that fell a record 12.7% as the average price at the pump plunged. The biggest stat that jumped out at us was consumer spending is falling at the fastest pace in [...]