To the Point

Consumers Freeze in the Face of the Financial Crisis

A huge decline in purchases of automobiles led a record drop last month in retail sales, but the biggest retailer of all is doing fine. WalMart saw a ten-percent increase in third-quarter profits. Sudeep Reddy is economics reporter for the Wall Street Journal .

By Warren Olney • May 12, 2014 • 1 min read

A huge decline in purchases of automobiles led a record drop last month in retail sales, but the biggest retailer of all is doing fine. WalMart saw a ten-percent increase in third-quarter profits. Sudeep Reddy is economics reporter for the Wall Street Journal.

Warren Olney
former KCRW broadcaster
Frances Anderton
architecture critic and author
Christian Bordal
Managing Producer, Greater LA
Sudeep Reddy
Wall Street Journal

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To the Point

Consumers Freeze in the Face of the Financial Crisis

A huge decline in purchases of automobiles led a record drop last month in retail sales, but the biggest retailer of all is doing fine. WalMart saw a ten-percent increase in third-quarter profits. Sudeep Reddy is economics reporter for the Wall Street Journal .

Share

To the Point

Consumers Freeze in the Face of the Financial Crisis

A huge decline in purchases of automobiles led a record drop last month in retail sales, but the biggest retailer of all is doing fine. WalMart saw a ten-percent increase in third-quarter profits. Sudeep Reddy is economics reporter for the Wall Street Journal .

Share