Reported about 9 hours ago
Walmart's CEO, Doug McMillon, reveals that lower-income shoppers are facing increased challenges due to persistent inflation, especially in essential categories like groceries and household goods. He emphasizes Walmart's commitment to reducing prices despite the rising costs. McMillon notes that while inflation rates have slowed, they remain higher than pre-pandemic levels, compelling Walmart to strive for greater efficiency in pricing. The broader takeaways highlight the importance of assessing various economic indicators beyond monthly job reports to gain a clearer understanding of the economy.
Source: YAHOO