Wal-Mart denies report on order cuts; investors unconvinced

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT -1.7%) denies a report that originated with Bloomberg that it's cutting orders, noting the report mistook the normal ebb and flow of orders as a broader corporate strategy.

Despite the pronouncement, a large number of retail stocks are lower as the inventory issue appears to be now teed-up as a Q4 concern.