Wal-Mart And Kohl’s Earnings: Retail Not Strong

Wal-Mart Stores Inc. (NYSE:WMT) and Kohl’s Corporation (NYSE:KSS) released their earnings reports for the third quarter of the year this morning before the market opened on Wall Street. Both reports disappointed Wall Street, but Kohl’s significantly missed expectations and its shares were in a tail spin in early trading. The two earnings reports show weakness in the retail sector in the third quarter of the year, and point to weaker than expected economic confidence. Wal-Mart Stores Inc. (NYSE:WMT) is the largest retail company in the world, while Kohl’s Corporation (NYSE:KSS) is a U.S. based retailer with a much smaller market…