Sluggish retail sales a real concern for the eonomy

Macy's reported lower than anticipated results, the first in 24 months of exceeding expectations. The poor second quarter results also saw Macy's lower their projections for the rest of the year. Walmart issued lackluster results in their report as well. Consumers spending was up +1.8% in the April-June quarter, but fell behind the first quarter results of +2.3%. Concern for this area of the economy's growth is valid since 70% of the economy's growth is fueled by consumer spending.