Retail watch: Will inventory issues be a major back-half story?

An internal warning on inventory issues at Wal-Mart (WMT -1.5%) could just be the tip of the iceberg, warns retail watcher Kristin Bentz.

A poor back-to-school season could force major retailers to age two sets of inventory at once.

If she's right, Q4 profit could slump as promotional activity takes off even higher.

Related ETFs: XRT, PMR, RTH, VDC

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