US retailers aren't doing so hot, but does it pose a real concern

US retailers aren't doing so hot, but does it pose a real concern? First quarter earnings for US retailers have collectively missed analysts' estimates by the largest margin in 13 years. Some of it is due to the bad weather (which hit earlier in the quarter). Weak consumer spending by lower-income consumers is also a part of the problem. Certainly the economic recovery has been more prevalent for higher income consumers. However, keep in mind that consumers in general are slowly shifting their shopping habits. Online shopping grows more popular every quarter. Retail chains may not ever be what they once were as customers can save both time and money by shopping online. Still, it will undoubtedly be a good sign for the US economy when low-income consumers have more discretionary spending power. (VIEW LINK)