When the chief executive of the world’s largest retailer, Walmart, reports that “...many consumers are still struggling...” it is time to sit up and listen. To be sure, Mike Duke was referring to Walmart customers in the US at that moment, not ASDA customers in the UK, but he had plenty to say about global aspects of the business during the second quarter results presentation. And it was all about delivering in some form or another.  So Walmart’s US consumers are trading down, … [Read more...]