Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets

Walmart reported its slowest US sales growth in over six years, with second-quarter sales at stores open at least one year rising 2.6%, excluding fuel. The retail giant and other major US retailers warned that consumers are becoming increasingly cautious with their spending, despite seemingly healthy personal balance sheets. David Bellinger, a senior equity analyst at Mizuho, examined these results as Americans continue to tighten their wallets amidst a shifting economic landscape for big retailers.