U.S. I N ‘UN­RE­COV­ERY’ NOT RE­COV­ERY, SAYS AN­A­LYST

Weekend Witness - - Money -

FROM Wal-Mart Stores to Macy’s and McDon­ald’s, chains that cater to mid­dle- and lower-in­come Amer­i­cans say they are feel­ing the pinch of un­even eco­nomic re­cov­ery.

A host of retailers have re­ported tepid sales lately, high­light­ing the stress con­sumers are feel­ing be­cause of higher pay­roll taxes, ex­pen­sive petrol and a slow job mar­ket four years af­ter the U.S. econo- my started to re­bound.

“Ev­ery­one wants to talk about re­cov­ery — it’s like the ‘un­re­cov­ery’,” an an­a­lyst said fol­low­ing Wal-Mart re­sults.

Wal-Mart posted its re­sults for U.S. sales at stores open at least a year. They un­ex­pect­edly fell 0,3% last quar­ter, a sec­ond de­cline in a row, prompt­ing a lower sales fore­cast for the year. — Reuters.

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